I totally agree with your point. Bitcoin's spiral downturn is happening, and the transformation of crypto mining companies is also causing significant stability issues with the shutdown price. Bitmine is facing the same problem. What's even more important is that most of the crypto market is exposed to positive leverage, and during a downturn, hedging often fails (not to mention they don't care about hedging risks at all). When this issue arises, the likelihood of Defi rug pulls increases as well. As a former crypto trader, I'm really worried about these problems.