The inevitable result of the cryptocurrency market transitioning from the 'wild west' era to a 'mature financial market'
Leading platforms like Binance and OKEx are actively embracing U.S. stocks, commodities, and gold, indicating that they have realized that relying solely on the mutual destruction game of existing altcoins cannot sustain long-term growth. The end of funds and users is traditional finance, and the evolution direction of exchanges now resembles a 'comprehensive brokerage in the Web3 era'.
To retain high-net-worth users, platforms must provide robust assets that are broader in scope and capable of accommodating large funds, similar to traditional stock markets.
Previous bull markets were characterized by a capital overflow effect, exemplified by the classic 'BTC -> ETH -> mainstream coins -> various air altcoins' waterfall effect. However, now, with Wall Street capital entering through ETFs, funds have become extremely smart and utilitarian.
90% of altcoins will go to zero: Binance's frenzied delisting of altcoins is aimed at squeezing out bubbles and cleaning up liquidity. Projects with no ability to generate revenue and only PowerPoint presentations will not only miss the altcoin season but will also be directly abandoned by the market due to liquidity exhaustion.
Future market trends will be extremely polarized, with funds only concentrating on sectors with real business revenue and user stickiness (such as decentralized perpetual contracts, Perps, and prediction markets), or on targets with strong macro narrative consensus (such as projects deeply combining AI and Web3 like $TAO );
In this market filled with PvP attributes and stock games, maintaining a clear awareness is indeed easy to get criticized. Because the vast majority of retail investors are still trapped in the mindset of searching for a sword in a boat, dreaming of 'a hundred coins flying together'.
