How do you view the current situation of the cryptocurrency circle?

1. The current cryptocurrency circle is that the patience of retail investors is almost exhausted, and there is a lack of incremental large funds.

2. Due to the interest rate hike and stricter supervision by the United States, the previous large funds basically came from American banks, but now there is basically no such thing. In addition, the overall economic environment is not good, and the pockets of institutions are not bulging.

3. Domestic supervision is still strict, and domestic project parties can only keep their tails between their legs.

4. There are not many things that can be innovated in the cryptocurrency circle. There are not enough new breakthroughs. It is basically old wine in new bottles. The opportunities for retail investors are still on the chain, and there is not enough incremental funds, resulting in insufficient sustainability of the money-making effect, and it is difficult to cultivate consensus among retail investors.

5. In this situation, the United States needs to release water again to increase market liquidity. Hong Kong can really relax its policies to allow institutional funds to enter this market from more channels, gather people's hearts and cultivate everyone's consensus. Eth needs to continue to optimize the transaction fees on the chain.

6. Last year was difficult, but this year is even more difficult. Retail investors who bought airdrops or local stocks also lost a lot of money, and those who bought spot stocks also lost 60%-90%. The market will not become active again until the Americans start to cut interest rates.

7. This is the trend and rhythm of the next bull-bear cycle in the cryptocurrency circle. We are optimistic about the fourth quarter. If we grasp this, there will be basically no problem. The rest is the question of belief in the cryptocurrency circle!