[Deribit Executive: Market liquidity has decreased by 15%-20% compared to before the October 11 crash] Lin Chen, Deribit's Head of Business for Asia-Pacific, stated that current market liquidity has decreased by 15%-20% compared to before the October 11 crash. He pointed out that U.S. stocks are currently in a highly volatile earnings season, with capital largely drawn to the U.S. stock market. Although U.S. stocks continue to hit record highs, it is difficult for the market to rally in the short term, and volatility remains high. Lin Chen believes that as long as U.S. stocks remain stable, liquidity diffusion could lead to market activity by the end of the year.