this might sound weird, but every time an exchange shuts down, the market eventually seems to come back stronger.
The weaker players get wiped out, users migrate to platforms they trust more, and the industry gets cleaned up a little. It reminds me of how every bear market gets rid of the excess before the next cycle begins.
Seeing names like BitMEX and BitMart fade from the spotlight makes me wonder if we’re watching another one of those shakeouts happen in real time.
Maybe this is just another step before the next phase of the market.
Or maybe I’m completely wrong. Are you guys still staying cautious, or are you starting to feel optimistic too?