TechFlow news, on June 21, Du Jun posted on X platform stating that the AI market is surging fiercely, with funds continuously pouring into U.S. stocks. The trading volume of BTC ETFs has already accounted for 25% of spot markets; with a few more ETFs, on-chain and crypto communities may soon be left with only liquidation and wallet-moving functions.
CEX trading volume in the first half of the year dropped by 40% compared to the second half of last year, on-chain TVL remains flat with no movement at all. At this stage, stablecoins are essentially arbitrage and payment tools, not engines for incremental liquidity—the larger their issuance, the stronger the draining effect.




