Retail investors find it hard to survive in this bull market. The liquidity in the crypto space will eventually be drained by U.S. stocks.
The AI market is fierce, and funds are continuously pouring into U.S. stocks.
The trading volume of BTC ETFs has accounted for 25% of spot trading, and with a few more ETFs, the only functions left for on-chain and the crypto space will be liquidation and warehouse transfer.
The trading volume on CEX in the first half of the year has been cut in half compared to the second half of last year, and the on-chain TVL remains unchanged, with no movement at all.
Alt projects are even more dormant, generally failing to reach the median price of the last cycle.
