Founder of DWF: The cryptocurrency market is close to bottoming out, and behind the scenes mergers and acquisitions are very active BlockBeats News: On February 5th, Andrei Grachev, founder of DWF Labs, stated in a post that "I believe the cryptocurrency market is now close to bottom, and there may still be about 15% volatility around Bitcoin prices. This does not mean that it can only rise in the future, but it will drive more funds into the market. Although professional investors are still deploying funds, especially investing in RWAs (real assets) and projects with "large-scale and bold visions," there is almost no inflow of funds from direct market buying. In my opinion, it is much easier to make a new project popular and attract attention than to revive and drive an old project forward. This is also the reason why I believe most altcoins will rise after this bear market, except for those projects that truly have actual business and business expansion - they will be naturally driven up by the overall market's future growth. Retail driven trading volume, or foolproof trading, currently mainly flows to PumpFun, with a portion going to Polymarket, but the world will not change as a result. When the market starts to recover and the coin price starts to rise, these people will follow suit and buy what Whale is currently buying, as well as the new tokens I mentioned earlier. Behind the scenes mergers and acquisitions are very active, with many projects and companies being acquired, some of which have at least some revenue and are planning to go public. The long-term growth of the encryption industry is not a problem, it's just a matter of time, the problem is survival rate