In this cycle, exchanges and people in the industry are starting to pull the liquidity out of this sector. Compared with previous bear markets, it’s even more severe. Exchanges are turning from crypto trading to stock trading, and this cycle is about playing stocks—U.S. stocks are also here, making the trading atmosphere lively. Meanwhile, crypto liquidity is being watched by everyone,


80% are bearish, waiting to bottom out in the second half of the year; 19% expect a rebound; and the remaining 1% is looking for a super bull market. And yet, all of this turns out to have nothing to do with Crypto.
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