Crypto界网 news reports that Wu said on Twitter that: A Bitwise report points out that the current market is showing multiple signs similar to a bear market bottom: Ethereum prices are falling but on-chain transaction volume is reaching new highs, crypto stocks are declining but company revenue growth is far surpassing other industries, market sentiment is pessimistic but the scale and trading volume of stablecoins are breaking records. Similar divergence occurred in Q1 2023, after which crypto asset prices rose significantly over the next two years.
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Crypto界网 news reports that Wu said on Twitter that: A Bitwise report points out that the current market is showing multiple signs similar to a bear market bottom: Ethereum prices are falling but on-chain transaction volume is reaching new highs, crypto stocks are declining but company revenue growth is far surpassing other industries, market sentiment is pessimistic but the scale and trading volume of stablecoins are breaking records. Similar divergence occurred in Q1 2023, after which crypto asset prices rose significantly over the next two years.