The current Crypto Assets market is undergoing a new pump, but compared to the previous period, its enthusiasm seems to have cooled down. According to AVNT's trading data, there are currently just over 1 million active accounts, and considering multiple account factors, the actual participants may be less than 50,000.

This stands in stark contrast to the previous bull market. At that time, the topics of mining and Crypto Assets trading were almost omnipresent, with related discussions heard everywhere from the internet to the subway and parks in real life. Many miners also turned to speculative trading.

However, this round of market pump appears relatively low-key. Discussions about Crypto Assets online have noticeably decreased, mainly concentrated in the voices of a few opinion leaders. Participants mainly consist of experienced investors and a small number of newcomers, with no large-scale blind entry of non-professional investors observed. It is worth noting that most miners still maintain the traditional model of 'mining - withdrawing coins - selling'.

This change reflects the adjustment of the structure of market participants and may indicate that the Crypto Assets market is gradually maturing. Although the enthusiasm is not as high as in the past, the stability of core participants may bring more sustainable development momentum to the market. At the same time, this also reminds us to view market fluctuations more rationally, focusing on technological innovation and practical applications, rather than merely chasing short-term profits.