Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Garrett Jin: Trading platforms and stablecoins extract tens of billions of dollars from the market every year without any capital flowing back in

Garrett Jin: Trading platforms and stablecoins extract tens of billions of dollars from the market every year without any capital flowing back in

金色财经2025/10/14 06:51
BTC-1.33%ETH-2.87%

Jinse Finance reported that Garrett Jin, the whale who accurately shorted before the previous crash and publicly sold over $4.23 billions worth of BTC to switch positions to ETH, stated: The biggest problem in the crypto space is that most projects have no cash flow. In contrast, TikTok's sale price in the United States was $14 billions, while many crypto projects with no cash flow are valued at tens of billions of dollars. This causes capital to be diverted away from core assets like bitcoin and ethereum. Meanwhile, trading platforms and stablecoins extract tens of billions of dollars in profits from the entire industry every year, but do not reinvest healthy capital back into the market. As a result, the market lacks liquidity and upward momentum.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
The U.S. Senate rejects the Republican funding bill, leaving the end of the government shutdown uncertain.
2
Federal Reserve Beige Book: Prices continued to rise during the reporting period, with input costs accelerating in some regions

Crypto prices

More
Bitcoin
Bitcoin
BTC
$111,521.65
-1.76%
Ethereum
Ethereum
ETH
$4,004.9
-3.41%
Tether USDt
Tether USDt
USDT
$1
+0.02%
BNB
BNB
BNB
$1,169.88
-4.40%
XRP
XRP
XRP
$2.43
-3.18%
Solana
Solana
SOL
$196.62
-3.37%
USDC
USDC
USDC
$1
+0.00%
TRON
TRON
TRX
$0.3180
+0.22%
Dogecoin
Dogecoin
DOGE
$0.1986
-3.21%
Cardano
Cardano
ADA
$0.6740
-4.47%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter