#BREAKING Mainstream Perp DEX Overview: Most Platforms Have Less Than $30 Billion in Trading Volume, Lighter Volume Continues to Decline #Bitcoin $BTC

#数字资产市场动态 Year-End Review: The "Losers' Game" in the Digital Asset Market Looking back on December 30th, 2025, it was a sarcastic year for the crypto market — the gains for the entire year were almost completely eroded. Do you remember October 6th? Bitcoin hit a historic high of $126,000, and the whole market was buzzing. And then? It started to plunge all the way down. The turning point was in mid-October. As soon as the tariff dispute erupted, the market exploded within 24 hours — $19 billion in liquidations, the craziest single-day liquidation in history. Ethereum also suffered, dropping nearly 40% in a month. The market caps of related companies shrank accordingly. Interestingly, despite the Trump administration's relatively friendly stance toward digital assets, the actual shocks came more from tariff conflicts, tightening macroeconomic conditions, and chain reactions from leveraged liquidations. At its worst in November, Bitcoin briefly fell below $81,000 — the largest monthly decline since 2021. Now it’s fluctuating around $90,000. There are two voices in the industry: some say this is the start of a new "crypto winter," while others believe it’s just a normal correction within Bitcoin’s four-year cycle. But in the long run, both Larry Fink of BlackRock and Coinbase’s Brian Armstrong have expressed similar views — institutional funds continue to flow in, and digital assets are moving from the fringes toward mainstream finance. This logic still holds water. As digital assets transition from the gray area to mainstream, short-term volatility is an inevitable part of the process.

#战略性加仓BTC By the end of 2017, I made a decision that still makes my family shiver when they think about it— I converted all the 90,000 yuan in bride price I had saved for two years into $BTC, which was $500 each at the time. Back then, I was still young, and I only had one thought: the windfall doesn’t wait for you. The crypto world was flooding with headlines every day, all saying "this wave can turn around." I didn’t think much and just went all in. A year passed. I was in a guesthouse in Chiang Rai, the afternoon breeze was so gentle, and suddenly my phone vibrated—an account alert. 3.3 million. In that instant, I truly believed it—ordinary people can be chosen by fate. I sat on the edge of the bed for about ten minutes, too distracted to even drink water, my mind full of "what’s next to do." But the crypto market never follows your script. In 2018, the market turned on a dime—faster than anything else. First, a correction. I told myself, "This is normal." Then, a slow decline. I comforted myself, "The long-term logic is still there." When I reopened the account, the numbers looked like a bucket with holes—dripping down one by one. 3.3 million became 2.1 million. 2.1 million became 800,000. By the end of the year, only 330,000 remained in the account. From $BTC to $ETH, from the peak to a 50% cut, I finally understood one thing: the thrill of making quick money and the fear of losing it all can both turn a person into someone unrecognizable. Those stories about "changing your life" are often just survivor bias talking.