Trust me, a relatively independent market trend will come.

The funds in the crypto circle are currently divided into two parts: one is on-chain funds, and the other is traditional funds. The characteristic of this cycle is that traditional funds are entering the market on a scale far exceeding that of the previous cycle, which then leads to increased correlation.

On-chain funds are being continuously harvested during this process, up until now...

As the harvestable space for on-chain funds becomes smaller and smaller, off-chain funds are beginning to leave systematically, moving to the next market with greater profit potential...

If we talk about a landmark event, I think it is the issuance of the Trump coin. Before this, off-chain funds were in an inflow state. After this, the inflow of off-chain funds gradually decreased...

However, if the crypto market only relies on on-chain funds to gamble, it would be very difficult to reach the current scale. So everyone is both a target of being harvested and an object of benefiting from it.

If BTC continues to rise along with the US stock market, maintaining a long-term stable high correlation, then I ask you, would you still be trading cryptocurrencies?

When prices follow the trend down but not up, or follow the trend up but not down, that is when excess profits are generated $BTC #今日你看涨还是看跌？