Just saw some data: In recent years, the number of publicly listed companies in the U.S. stock market has significantly decreased. Specifically, from 2022 to now, there’s been a reduction of around 550 companies. This period coincides with the Fed’s interest rate hikes, and the impact of high interest rates on listed companies is quite evident. At the same time, we can see that stock buybacks by S&P 500 companies have been steadily increasing. Big companies are using more and more of their profits to buy back shares, which boosts upward momentum—similar to what’s happening in the crypto space. Due to a lack of liquidity, fewer people are buying altcoins, and market depth is worsening. Meanwhile, assets like BTC are benefiting from political or wealth-creation effects, concentrating the limited liquidity in the crypto market even further. This is the current situation: top-tier assets are attracting more capital, while other assets are gradually being overlooked. Bitget VIP—lower fees, bigger perks!