I just saw @alexzuo4's tweet, saying that the 2049 conference venue is full of sellers, as well as people selling shovels to the sellers; The big players only participate in self-custodial free-riding projects, and the expected compliant clients' money is only left in the BTC spot ETF, and the retail investors prefer to buy MEME rather than VC coins during the downtrend, so it is really difficult to have any spillover. Looking around, the main venue is usually empty, while the outside social events are overcrowded! I took a photo of the technical sharing by @ArthurB, the Tezos Cofounder, in the main venue, the content was great, but there were only a few scattered people!