The crypto industry is facing a "Triple Play" dilemma. The game between exchanges, Wall Street, and retail technical traders is leading to depleted market liquidity, with retail investors becoming the biggest casualties. * Exchange Monopoly Flow: The top ten exchanges have massive trading volume, but overall market liquidity continues to decline. Platforms attract retail users with high leverage, rebate activities, and complex financial products, yet are powerless to withstand on-chain liquid...

The crypto industry is facing a "Triple Play" dilemma. The game between exchanges, Wall Street, and retail technical traders is leading to depleted market liquidity, with retail investors becoming the biggest casualties. * Exchange Monopoly Flow: The top ten exchanges have massive trading volume, but overall market liquidity continues to decline. Platforms attract retail users with high leverage, rebate activities, and complex financial products, yet are powerless to withstand on-chain liquid...