Exhausted!

Market liquidity has dried up

Current market hotspots are scattered: how to layout crypto assets in US stocks, Sun Yuchen's Tron listing, stablecoin retreat, Binance's Alpha strategy failure, the impact of geopolitical conflicts, Pump.fun being shut down... it seems lively, but it points to the same predicament - tightening regulation and retreating liquidity.

Whether the bull market has ended is still uncertain, but a market lacking liquidity will eventually exhaust its last bit of imagination.

Is there really no narrative left to play with?