From a long-term perspective, raising the compliance threshold will directly weed out a large number of small exchanges without qualifications. The top platforms that remain will obtain legal entry credentials and smoothly reach the huge number of ordinary investors in the UK. Recently, Wall Street institutions have been aggressively positioning for BTC and compliant stablecoins. BlackRock, Circle, and Strategy have collectively increased their bets—essentially placing a wager ahead of the global wave of crypto compliance.

However, good news won’t lift the market immediately. The current market fear index is only 15, placing it in an extreme fear zone. FG Nexus is still selling ETH at a loss. Old-school DEXs are being shut down, and platform liquidations continue. The sell pressure from investors trapped in the old cycle hasn’t been cleared yet.

Regulatory implementation is a long-term positive for the industry. It will gradually sweep away industry disorder, attract traditional large capital, and represents a slow-moving dividend from the policy trend. In the short term, it’s difficult to turn around the current sluggish market, and the bottom-grinding cycle will continue. Don’t expect that once policies are rolled out, a major bull market will arrive right away. #合规加密 $BTC