💰 Nguồn cung $ETH trên các sàn giao dịch đã giảm xuống mức thấp nhất kể từ năm 2016.
🔼 Holder có xu hướng nắm giữ dài hạn / stake / DeFi
📊 Cung ít, market thiếu thanh khoản - dễ thao túng.
Nhưng áp lực bán cũng 1 phần giảm đi

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💰 Supply on exchanges has fallen to its lowest level since 2016.
🔼 Holder tend to hold long-term / Stake / DeFi
📊 Low supply, liquidation market - easy to manipulate.
But selling pressure has also eased somewhat.

The next phase of development for the crypto sector is quietly underway, with stories surrounding crypto gradually shifting towards its use in everyday life. The increasing popularity of crypto...

What are the top cryptocurrency trends to watch in 2026?

This article is from Prince, co-founder of Avon.
Compiled by Odaily Odaily(@OdailyChina); Translated by Azuma (@azuma_eth)
TL;DR
People's use of DeFi has become highly similar. The market and infrastructure are maturing, but users' mentality has gradually shifted from curiosity to caution. The reward mechanism has changed from "users bear the risks and rewards themselves" to "users wait to be rewarded," and participation behavior has gradually converged around incentives.
The Fading DeFi
DeFi gives people the feeling that...

Avon's popular article on foreign websites: Why is DeFi no longer attractive?

This adjustment phase may lay the foundation for a strong rally in the first quarter of next year.