$BNB Take a look at this valuation panel you have to see: the circulation is 100% fully topped up, and supply has long since hit its cap, yet the market cap is still down more than 40% from its historical peak—this is textbook strong supply but weak demand. To be blunt, leverage loans are up a thousandfold, but the spot long/short ratio is still trending downward—borrowed money is betting on direction, but real capital isn’t really coming in. Looks all glitzy on the surface, but it’s worn out underneath—only thieves get to feast, you don’t see them getting punished!