【Mainland's Action to Sweep Away Speculative Currency Accounts Behind the Motives】

1. A large number of mainland players concentrated in the cryptocurrency market, with unusual capital movements attracting regulatory attention;

2. Binance Alpha's profit-sharing rules quickly gathered both new and old users in the cryptocurrency market while also capturing market share from competitors;

3. Players in the cryptocurrency sector like OKEx and Huobi are increasing discounts to attract and engage users;

4. Irrational fan behavior by cryptocurrency KOLs;

The most damaging may be the last item;