[Garrett Jin: Trading platforms and stablecoins extract tens of billions of dollars annually without capital flowing back into the market] According to a report by Jinse Finance, Garrett Jin, the whale who previously made precise short positions before the crash and boldly sold over $4.23 billion worth of BTC to switch to ETH, stated: The biggest issue in the crypto space is that most projects lack cash flow. In comparison, TikTok's sale price in the U.S. was $14 billion, yet many crypto projects without cash flow are valued at tens of billions of dollars. This diverts funds away from core assets like Bitcoin and Ethereum. At the same time, trading platforms and stablecoins extract tens of billions of dollars in profits from the industry annually but fail to reinject healthy capital back into the market. As a result, the market lacks liquidity and upward momentum.