The market is quiet at #BTC再创新高 , possibly due to the following reasons:
1. Low retail participation: Retail investors have limited funds, and the small fluctuations in BTC make it less attractive. According to Binance data, the trading volume of ETH spot and contracts has exceeded that of BTC. Even with 50x leverage, retail investors prefer assets with high volatility.
2. Decreasing industry yields: The crypto industry has developed for over 20 years, and the processes of institutionalization and legalization are accelerating. The high returns of the past stemmed from the immaturity of the market. Now that institutional funds are entering the market, and stablecoins are even close to "digital dollars," the average market yield has significantly decreased.
