2026-01-18 10:31:16

It has been observed that the number of active users on a certain leading exchange has dropped to around 200,000, and even retail investors at the 1000U level are beginning to feel the liquidity crunch. Honestly, opportunities to farm airdrops are becoming increasingly scarce.

Recalling the bull market a few years ago, it was truly a three-win situation—exchanges earned trading fees, project teams raised funds, and retail investors could follow the trend and make a profit. Now? Basically, only exchanges are still making stable profits, while project teams and retail investors are both struggling.

According to this trend, the next real bull market is likely to wait until next year. Everyone might as well adjust their mindset, organize their asset allocation, and remember to come back and join the fun next year. Who says retail investors have no chance? The opportunities will still come when they are meant to.

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ruggedSoBadLMAO

· 6h ago

200,000 active users, hilarious, is this really considered a top project? I suspect half are bots. Damn, airdrops are getting more and more watered down, can't make money anymore. Bull market next year? I doubt it, who can predict the rhythm of the crypto world? Retail investors are just like leeks, better to recognize this early. What to do when liquidity is tight? Stand guard, what else can you do?

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AlwaysMissingTops

· 6h ago

200,000 active users, this number is indeed a bit disappointing, no wonder even Qianu feels it too. Bull market next year? I choose to lie flat for now, anyway there's no rush.

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SmartContractWorker

· 6h ago

200,000 active users, this is really a bit disappointing... Looks like we'll have to wait until next year.

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OnchainSniper

· 6h ago

200,000 active users? That's unbelievable, it's really going to fade away. Liquidity is so tight that I don't even dare to place orders. Even slightly larger orders will get slipped. Waiting until next year? I think we might have to wait longer. What are we even farming now? Just some trash coins. Retail investors are indeed having a hard time. In the past, you could earn just by following along, but now it's all a leek harvest game. That's right, hang in there everyone. What’s meant to come will come, but this "coming" might take longer than expected.

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Blockblind

· 6h ago

200,000 active users? Ha, that number is hard to listen to. With such poor liquidity, how can we play? Even 1000U is trapped. Wait, will the bull market really come next year? It seems everyone is betting on this. Honestly, even if the bull market comes, I wouldn't dare go all in anymore. My mentality has long been battered. Retail investors still have a chance? Give me a break, they've long been fodder for the leek harvesters.

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MetaMaximalist

· 6h ago

ngl this liquidity crunch just validates what i've been saying about unsustainable tokenomics for months now... the network effects are collapsing precisely as adoption curve theory would predict

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FUD_Vaccinated

· 6h ago

200,000 users still dare to call themselves top-tier? Laughing out loud, this is just the beginning of the death spiral. Retail investors have already given up; anyway, airdrops don't earn much, so it's better to lie flat and wait for next year. Every day they say the bull market is coming, they said the same last year.

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