DWF Labs:传统山寨季走向终结,机构资金转向BTC、ETH与RWA

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Gate News 消息,3 月 15 日,据 Cointelegraph 报道,加密做市商 DWF Labs 管理合伙人 Andrei Grachev 分析指出,由整体加密市场上涨驱动的传统"山寨季"正在成为历史。市场上代币数量激增、参与者规模有限,以及加密 ETF 吸收流动性等因素,正在改变市场结构。目前机构资金更倾向配置比特币、以太坊及代币化现实世界资产(RWA),进一步分流对山寨币的关注与资金。未来市场将出现更短的叙事周期和更剧烈的板块轮动,大量中长尾代币将更像高风险投资或"赌场式"资产,单靠炒作难以持续生存。数据显示,过去 13 个月山寨币市场市值累计流出逾 2090 亿美元,当前约 38% 的山寨币价格接近历史低点。

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