CoinGlass's Q1 report came out today, and I have a few thoughts after reading it 👇 Several figures really struck me. #Binance user assets under custody reached $152.9 billion, accounting for 73.5% of the entire industry; spot market share rose from 34% to 35.4%, and derivatives from 33.2% to 35.7%; BTC reserves reached 659K, and the crypto market depth ranked first in all four core sub-markets. Given the overall industry volume contraction of 23%, these results are quite thought-provoking. The past few months have been quite difficult for the entire crypto market. We've also experienced some rumors and attacks, which are real and not limited to any particular region. But I also want to say that, besides external noise, we ourselves have indeed done many things poorly 🙏 We need to thoroughly review these aspects and not just blame everything on external factors. Users made such choices even in a depressed market, and we have no right to boast about that; we only have the right to work even harder on everything we do going forward. Today, billions of people worldwide are still locked out of the modern financial system, without accounts and unable to transfer funds. There is still a long way to go to achieve the freedom of money, but we will not stop here.