Stocks related to the cryptocurrency concept are rising, while the cryptocurrency market itself is stagnant.
This only indicates two things:
1. Capital is not in the cryptocurrency market, but in traditional markets.
2. The stock market is speculating, while the cryptocurrency market is undergoing liquidation.
All the attempts to resurrect the dead are simply due to the Web3 industry experiencing a period of mourning, while the Hong Kong and US stock markets are utilizing these shells and remnants of narratives to tell new stories to the traditional markets.
Bubbles always seek places where they can continue to proliferate the narrative of bubbles.
