The turnover in the crypto world is almost done. The big players in the urban-rural fringe have already 'topped out' at 20k, 38k, and 60k.

There are still a few large players who 'topped out' around 100k.

The cost for new entrants from the U.S. who are not vested interests is 64k USD.

The more the small players run away, the higher it will pull up later.