The market trend of the counterfeit market in the future This wave of rise has seen profitable projects perform well, with most outperforming the market. This situation of imitations flying together has not occurred for a long time. On the financial level, what can be caught up with is the strong inflow of ETFs, with BTC flowing in $2.1 billion in the past week and ETH flowing in at a new high. This kind of capital knockoff market cannot eat much, which has been verified in the previous round. This round of knockoff market is emotionally related to ICO compliance. The compliant ICO has raised expectations for the counterfeit market, betting on the future explosion of application layers, new asset issuances, incremental funds outside the industry, and so on. So the logic of not having a knockoff season before still exists, which is that it is impossible to rely solely on the overflow funds of BTC and ETH to drive the rise of the knockoff market. The new possibility is regulatory certainty, improving the environment for bad money to drive out good money, and increasing the cost of wrongdoing. This change is a rebalancing of the industry balance. The recent example is the withdrawal movement driven by DeFi Summer, which has prevented unscrupulous CEX from operating in the dark because the industry landscape has changed. This is the first correction to drive out good coins from bad ones. So now it's likely the second time.