The liquidity in the crypto space is getting worse and worse. After the leverage reset on 10.11, it seems like the extent of damage to market funds is far beyond expectations. Positions in trending coins have dropped significantly, and the ratio between holdings and trading volume is out of balance. The proportion of fees spent is increasing. Right now, most of the funds surviving in the market, or those re-entering, are constantly moving in and out repeatedly. Nobody has a long-term vision anymore. But under these circumstances, FY's data has dropped significantly compared to before. This shows that at this stage, most people in the market have been hit hard by leverage and have become much more cautious.