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, coupled with the sluggish environment, 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, and 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

funds, and 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, and 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 the spot stocks they bought and held also shrunk by 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 you grasp this, there will be basically no problem. The rest is a matter of faith in the cryptocurrency circle! #BTC突破7万大关 #美国以太坊现货ETF开始交易