Chainalysis Report Reveals On-Chain Market Dynamics Behind China’s AI Model “Distillation Wave”

The Chainalysis report finds that the on-chain market behind China’s AI model “distillation wave” is circumventing U.S. export controls. Nearly 40% of intermediaries settle payments in stablecoins, obscuring fund flows through third-party payment channels. Technical analysts should pay attention to the trend’s impact on market structure.