Bitget CEO Gracy: The consensus in the cryptocurrency industry is becoming conservative, and the current market is in a phase of repair and consolidation

ChainCatcher news, Bitget CEO Gracy posted on X, stating that after recent discussions with several leading market makers and VCs, the industry consensus is becoming conservative. She pointed out that the current risk-reward ratio for retail investors in altcoins is extremely poor, and VC funding has significantly withdrawn from the Web3 primary market. Only infrastructure projects with real resources, such as stablecoins, RWA, and payments, still hold value, but most of these projects will not issue tokens. She also believes that the DAT bubble is bursting, and long-tail projects lack genuine buying interest. Recent financing has mostly taken the form of "exchange coins for shares," and investors are generally facing high risks. Gracy further stated that after the 1011 black swan event, market trading volume has decreased by 20%-40%, and many market makers have been severely impacted. The current market is in a phase of repair and consolidation.