How do you view the current situation of the cryptocurrency circle?
1. The current cryptocurrency circle is that the patience of retail investors is running out, 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 things with 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, making it difficult to cultivate consensus among retail investors
5. This situation requires the Americans to release water again and increase market liquidity
Funds, Hong Kong can really open up policies to allow institutional funds to enter this market from more channels, unite people's hearts and cultivate everyone's consensus, and eth needs to continue to optimize on-chain transaction fees
6. Last year was difficult, and I didn't expect it to be even more difficult this year. Retail investors lost a lot of money by airdropping or buying local dogs, and buying spot holdings also shrunk by 60%-90%. The market will not become active again until the Americans start to cut interest rates
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7. There is another non-agricultural data today, which also needs attention. In addition, Japan's interest rate hike has already occurred. Although it is a relatively negative data, the rate hike is not large and the market has enough expectations, so there is almost no impact. US stock futures are rising quite well now.
