$BTC has been underperforming the A-share market for more than half a year.
Considering that Chinese retail investors make up over 30% of the crypto market, if this trend continues, cryptocurrencies could die out. Without retail investors coming in, speculators can only entertain themselves; derivative contracts, a gambling-style mechanism, are designed to exploit retail investors. If retail investors realize that even gambling with rigged odds is worse than investing in the most despised A-shares, they'll surely leave. Right now, almost all crypto groups are discussing stocks—this happens every year. If crypto doesn't rally soon, people will truly flee. Crypto manipulators, please take notice.
{spot}(BTCUSDT)