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.

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MetaverseHobovip
· 10h ago
The bear market is full of people cutting leeks; retail investors have already left.
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MechanicalMartelvip
· 10h ago
It's the same old trick, dump the market to wipe out investors and then keep hyping up the prospects.
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GasFeeVictimvip
· 10h ago
Looking around, it's all contract traders. Where did the retail investors go? The money's all gone.
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EyeOfTheTokenStormvip
· 10h ago
According to my quantitative model, this wave is indeed a typical liquidity exhaustion pattern. The disappearance of spot buying pressure essentially means no fresh capital is entering the market.
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GasBankruptervip
· 11h ago
It's the same old story, contract guys are leeching, and there are fewer and fewer spot buyers.
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ServantOfSatoshivip
· 11h ago
This is a dead loop, smashing the market again and again, retail investors deserve to be cut.
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