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You can see the level of market indifference just from browsing the popularity. The active participants in the market are mostly institutional traders and veterans dealing with contracts, while spot buyers are scarce. New capital entering the market is limited, so the price naturally lacks upward momentum. Many project teams only care about how to arbitrage the market, but rarely give back to the community. Every rise ends with a dump, and the money in the market is continuously flowing out. Based on trading data, funds are quietly fleeing.