The biggest factor suppressing the market is the steady outflow of funds caused by the Federal Reserve's interest rate hikes and shrinking of its balance sheet, but this does not mean that there is little existing capital in the market.

In May 21, the crypto market reached its first bull market peak, and the market value of stablecoins was more than 60 billion US dollars. Then the market value of stablecoins at the second peak in October reached nearly 130 billion US dollars, doubling. In the past year or so, although the market value of stablecoins has continued to decline, it still still has 120 billion US dollars.

On the one hand, this shows that funds are indeed continuing to flow out of the crypto market. On the other hand, the market value of stablecoins is approximately double the US$60 billion at the peak of the first bull market. From this perspective, there is no shortage of existing funds in the crypto market.

A piece of fake news can quickly raise the price of Bitcoin to 30,000. It can be seen that funds are always ready, but there is no opportunity!