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Wu learned that according to data platform CryptoRank, in the second quarter of 2026, the number of active cryptocurrency investors (mainly institutional or venture capital participants) worldwide had dropped to 651, far below the all-time high (ATH) of 2,564 in 2022. This figure is only higher than the level in the same period of 2020 (with 250 to 450 quarterly participants), marking a new low in nearly six years. The analysis points out that this trend indicates venture capital in the cryptocurrency field is increasingly concentrating among a small group of professional investors, while overall market participation remains far below the peak levels of the previous cycle.