The rough-and-tumble era of “buy with your eyes closed, it will just go up” has been unequivocally declared over.
1. Innovation has moved into deep waters, and simple narrative re-posting can no longer stir market sentiment;
2. Even if the next cycle brings a technological breakthrough, since the total market capitalization of the crypto market is no longer what it used to be, capital will no longer be spread “to everyone.” In the future, market conditions will only be a structural bull market—funds will be extremely concentrated in assets that have core technological barriers, real application scenarios, or unique competitive moats. Meanwhile, the vast majority of clone coins with no real value will ultimately be swept away by the tides of the times.$BTC $BNB $ETH #股票财报季 #Bitwise推出首只NEAR现货ETF
1. Innovation has moved into deep waters, and simple narrative re-posting can no longer stir market sentiment;
2. Even if the next cycle brings a technological breakthrough, since the total market capitalization of the crypto market is no longer what it used to be, capital will no longer be spread “to everyone.” In the future, market conditions will only be a structural bull market—funds will be extremely concentrated in assets that have core technological barriers, real application scenarios, or unique competitive moats. Meanwhile, the vast majority of clone coins with no real value will ultimately be swept away by the tides of the times.$BTC $BNB $ETH #股票财报季 #Bitwise推出首只NEAR现货ETF