“What doesn’t kill you will eventually make you stronger💪🏻”.

This year’s encryption market has encountered unprecedented difficulties.

Externally, there are global central banks, especially the Federal Reserve, who are raising interest rates and shrinking their balance sheets (which have not yet stopped), resulting in reduced OTC liquidity and insufficient incremental funds; internally, the US SEC has sued leading trading platforms such as Binance and Coinbase, causing widespread panic. , market makers retreated, liquidity on the market became thin, and market depth declined. Bitcoin’s market depth has fallen by 20% since the beginning of the year, according to data firm Kaiko.

Under internal and external difficulties, various types of FUD are emerging one after another, aiming to disrupt the market and fish in troubled waters. As the world's largest crypto exchange, Binance has become the preferred target of FUD attacks. Various rumors such as "Binance was sued and shut down by the SEC", "massive layoffs", "currency listing shady", "Binance's share is declining" are flying all over the world, many of which are global Well-known financial media added fuel to the fire. In the end, the fluctuations in market sentiment are transmitted to the currency price performance, with sudden rises and falls happening more frequently, and retail investors become the last "payers" of the fluctuations.