2025-12-29 09:21:07

#数字资产市场动态 Recently, people have been saying that the popularity in the crypto circle is not as strong as before.

Looking back at the peak in 2021, by August 2022, many players were still active. The real decline in activity happened in the two months after the FTX explosion.

This round is different—starting from the top in October, within just three months, almost no one was left.

The fundamental reason remains the same: the peak itself wasn't that hot this time. It wasn't a bustling atmosphere, but rather cold and icy. The heat dropping from 100 to 10 is a long process, but falling straight from 30 to 10 happens much faster. Therefore, the bottom is likely to surface earlier in this cycle compared to historical ones.

By observing the trends of $BTC, $ETH, $BNB, and other mainstream coins, you can feel this shift. The speed at which the enthusiasm wanes often indicates that the bottom won't be far off.

BTC-1,14%

ETH-1,05%

BNB-1,35%

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GateUser-e87b21ee

· 15h ago

To be honest, this cold snap is a bit excessive. Back in 2021, I could still fool myself into having hope, but now it's cold to the bone.

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TokenTherapist

· 15h ago

To be honest, this round is much worse than the last one. The popularity dropped directly from 30 to 10 with no buffer at all.

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ApyWhisperer

· 15h ago

To be honest, this wave is really quite frighteningly cold, dropping from 30 to 10 is even faster than dropping from 100 to 10. It feels like the bottom is near.

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degenonymous

· 15h ago

Honestly, this wave is freezing cold. Back in 2021, everyone was crazy. Now, this kind of atmosphere really isn't exciting. --- If I had known it would be like this, I would have held more cash in hand. --- I accept your analysis. Dropping from 30 to 10 is much faster than dropping from 100. The logic makes sense. --- Is the bottom coming soon? I think we need to wait a bit longer; it still doesn't feel like it's fully collapsed. --- That wave of FTX really scared everyone to death. This coldness might actually be a good thing. --- Mainstream coins are all like this. If it doesn't work, just wait for the rebound. --- The hype dissipates so quickly; it looks a bit heartbreaking.

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alpha_leaker

· 15h ago

To be honest, the speed of this round of waning popularity is really frightening; it basically ended in three months. --- Falling from 30 to 10 is much faster than falling from 100 to 10, I have to admit that logic. --- The cold top is just like this; the hype never really took off, so it naturally dissipated quickly. --- Wait, do you mean the bottom will come even earlier? Then I’d have to buy the dip, but I still feel like some people are still cutting losses. --- Looking at BTC’s current trend, it seems like the market has already dispersed; only institutions can hold it up now. --- The wave of popularity in 2021 was indeed strong; now it’s more... quiet. The FTX incident really hurt a lot of people. --- The quick fade of hype might actually be a good thing, at least we don’t have to keep watching the bloodshed and total loss of funds. --- Three months and everyone is gone; this cycle is really different, a bit strange.

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