See? This is the trend. It's no longer about the crypto infiltrating and absorbing external (non-mainstream → mainstream) funds; it's about being drained by external capital. Why do I say it's a turning point? This is one of the most important factors: mainstream crypto exchanges will continue to list traditional underlying asset contracts. In the future, the crypto will no longer be just the crypto, dear traders, investors, and gamblers.

The liquidity of perpetual contracts remains largely unchanged within the crypto; not a single penny will flow into foreign currencies. People are simply using USDT to gamble on prices.