pepper 花椒说：我预感整个加密货币市场可能快要崩了，下面是几个原因

I expect the entire crypto market is about to collapse soon.

我预感整个加密货币市场可能快要崩了
下面是几个原因

Evidence 1:
Trump-themed coins have caused market disturbances and drained liquidity. Celebrity coins lack substance and accountability.

证据1：

特朗普币（Trump coins）搅乱了市场，吸干了流动性。这些名人币根本没啥实际价值，纯粹是炒作，出了事也没人负责，每天都有删推跑路盘，见怪不怪了

Evidence 2:

Berachain, a three-year project, has struggled to maintain a value around $10, indicating that VCs and market makers have acknowledged the misalignment of high FDV (Fully Diluted Valuation) with the current market liquidity. Hedging might be the only viable option.

证据2：

做了三年的项目Berachain，价格连10美元都撑不住。这说明风投和做市商也承认，在这种流动性不匹配的市场里，高估值（FDV）根本站不住脚。现在可能只有套期保值还能有点机会

Evidence 3:

Perpetual futures funding rates have hit new lows, suggesting that retail investors are either avoiding perpetual contracts or there is no expectation of high volatility in the near future.

证据3：

永续合约的资金费率跌到了历史新低，说明散户要么不敢碰永续合约，要么觉得接下来市场不会有大波动了

Evidence 4:

Tron’s USDT circulating supply has reached an all-time high of 60 billion. Despite the abundance of stablecoins, it’s unclear where all this liquidity has gone. (See Evidence 5 for further context.)

证据4：

Tron上的USDT流通量已经冲到600亿的历史新高。这么多稳定币，钱都去哪儿了？（接着看证据5）

Evidence 5:

Morpho has reached record-high interest rates and daily user interactions, with 5.6 billion in stablecoin deposits. This indicates that retail investors are bearish on the market and prefer to earn interest on their stablecoins rather than engage in riskier investments.

证据5：

Morpho的存款利率和用户活跃度都创了新高，稳定币存款达到了56亿美元。这说明散户对市场没啥信心，宁愿把钱存着吃利息，也不愿意去冒险

Evidence 6:

In January, crypto fundraising reached $748 million across 80 deals, marking the lowest level in the past two years. This suggests that investors are tightening their budgets and preparing for a downturn. BTC is following its own trajectory, while altcoins are on a separate path.

证据6：

1月份加密货币融资总额只有7.48亿美元，总共80笔交易，这是过去两年来的最低水平。看来大家都在捂紧钱包，准备过冬了。BTC走BTC的路，山寨币走山寨币的路，各走各的

Evidence 7:

Social sentiment around crypto has hit an all-time low. Google Trends and other indicators show a significant decline in interest, as if no one cares about crypto anymore. Even Trump seems to have forgotten about it.

证据7：

加密货币的社交热度跌到了谷底，谷歌趋势也显示没人再关心这玩意儿了。就连特朗普好像都把它忘了