TechFlow News: On March 27, JackYi (@Jackyi_ld) stated that the cryptocurrency market is currently in a bear market; the Middle East conflict has persisted longer than expected, intensifying global risk-aversion sentiment and driving oil prices higher. Since the October 11 incident, liquidity in the crypto industry has continued to decline. That incident severely impacted middle-class crypto investors, altcoins crashed and wiped out retail investors, the “one-third rule” inflicted heavy losses on crypto VCs, and exchanges, market makers, and project teams have continuously drained capital from the market—leaving only Wall Street ETFs, DAT, and a small number of true believers as the remaining sources of market capital inflow.
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