Now, how many people in China are really trading cryptocurrencies?

My cousin told me that he bought 10,000 yuan worth of altcoins, which his colleague advised him to buy, and he is located in a small third or fourth-tier city in the north.

I was a bit surprised, after all, the crypto market is quite stagnant now, and the north has always been relatively conservative, so how could there be new investors coming in?

The economic situation is not good, are the villagers all gambling at the village entrance?