Current situation of the cryptocurrency circle

First, retail investors’ patience is almost exhausted, and incremental large funds are even more scarce.

Second, due to the interest rate hikes and stricter supervision in the United States, large funds used to flow in and out through American banks, but now they are almost extinct. Coupled with the overall depression of the environment, the pockets of institutions have also shrunk.

Third, domestic supervision is still strict, and domestic project parties can only be cautious.

Fourth, the innovation of the cryptocurrency circle is limited, and there are few breakthrough new things, which are basically new wine in old bottles. The opportunities for retail investors are mainly on the chain, but the lack of incremental funds makes it difficult to sustain the money-making effect, and it is difficult to cultivate consensus among retail investors.

Fifth, this situation requires the United States to release water again to increase the liquidity of the market, and at the same time Hong Kong truly liberalizes its policies to allow institutional funds to enter this market through more channels, gather people's hearts and cultivate consensus, and eth needs to continue to optimize the transaction fees on the chain.

Sixth, last year was tough, and this year is even more miserable. Retail investors lost a lot of money by buying airdrops or buying local stocks, and the spot holdings also shrunk by 60%-90%. The market will not be active again until the Americans start to cut interest rates.

Seventh, this is the trend and rhythm of the next bull-bear cycle in the cryptocurrency circle. If you are optimistic about the fourth quarter and grasp it well, there will be basically no problem. The rest depends on your belief in the cryptocurrency circle!