Ignas: Assets such as HYPE and ZEC are showing independent market trends, and there are still structural opportunities in the cryptocurrency market

DeFi researcher Ignas stated that during the current market downturn, the previously common "buy the dip" voices on social platforms have become rare. Although some market participants believe that Bitcoin holding the $77,000 to $80,000 range is bullish, most crypto traders may already hold a large amount of tokens, and some investors prefer to wait for price confirmation before buying, rather than bottom-fishing in panic. Assets like HYPE, which are decoupled from Bitcoin's movements, as well as belief-based tokens like ZEC and income-generating assets like HYPE still have appeal.

However, there is currently insufficient potential buying interest. Retail investors who previously favored crypto assets are now impacted by the volatility of assets such as AI stocks, gold, and quantum computing, and the fund flow for cryptocurrency ETFs has turned into a net outflow over the past 30 days.