❄️ The crypto market is "frozen"—this winter is colder than ever #5PC If you're in Northern Vietnam, you’ve probably already felt this winter’s chill ❄️. This year, the weather turned cold abruptly—and crypto is no exception. Just in August–September, the market was still booming, with many coins doubling or tripling in value. But just two months later, not only prices, but all major market indicators have deteriorated rapidly. 💠 Stablecoin supply has plummeted by $15 billion in just one month: $7 billion from USDT, $5 billion from USDC, and more from other tokens. 💠 Bitcoin and Ethereum ETFs have seen net outflows exceeding $3.3 billion. 💠 Hacks and project closures are making a comeback—after Galxe, a string of Polkadot ecosystem projects like Acala and Karura have shut down. ➡️ According to our analysis, the dominant trend from now through the end of 2028 (this cycle) will be: + Projects with solid revenue and strong cash flow will continue growing and attract further investment. + Layer 1 protocols and projects without revenue will ride the pump wave until their treasury funds run out, then shut down. + Projects that exhaust their funds will close permanently, while teams move on to launch new projects in anticipation of the 2028 cycle. ➡️ What do you think about the market lately? Drop your thoughts in the comments below ❤️ Disclaimer: This post is for informational purposes only and does not constitute investment advice.