[JackYi: Prolonged Bear Market in Crypto Leads to Liquidity Drain and Pessimistic Sentiment] Deep Tide TechFlow reports, on March 27, JackYi (@Jackyi_ld) posted that the crypto market is currently in a bear market. The prolonged Middle East war has exceeded expectations, driving a surge in global risk-aversion sentiment and a continuous rise in oil prices. Since the 1011 incident, liquidity in the crypto industry has been steadily declining. This event dealt a heavy blow to middle-class crypto investors, triggered a collapse in altcoins that targeted retail investors, and the '1/3 rule' caused significant losses for crypto VCs. Meanwhile, exchanges, market makers, and project teams continue to extract liquidity, leaving Wall Street ETFs, DAT, and a few believers as the only remaining sources of market inflows.