The recovery of the Bitcoin ETF can be seen as a small repair for the market. However, the real major injuries in the crypto space have not shown any signs of improvement, and many people might not even realize where the major injuries are. The 1011 crash caused many market makers on exchanges to go bankrupt, and Binance basically didn’t care about their survival, unwilling to spend a single penny to compensate. Previously, Yu Hong from Three Points Blockchain publicly clashed with Zhao Changpeng in the group because he was a market maker for Binance and lost everything, even his underwear. However, Zhao didn’t care about Yu Hong and let him bear it himself. Yu Hong got anxious and chose to confront Zhao in the group, feeling that if he lost everything, he could only choose to go down with him. All market makers are more or less the same; they all lost everything, and without market makers, the market has no liquidity. This is the crypto space we are in now, a stagnant pool of water. Everyone think about it, with so little water, how can the operations be smooth? If it’s not smooth, how can there be a big market movement? So everyone has gone to play in other markets where there is more water 🤪#BTC行情