2026-01-07 09:29:01

In the past, when a certain project within a track experienced a significant surge, it often led the entire track to follow suit and rise—this kind of linkage effect now seems to be weakening? Think about it, early market sentiment was more easily transmitted, and large funds moving could influence the whole scene. But now? The correlation between different projects within the track seems to be decreasing. It could be that participants are more rational, or that liquidity has become more dispersed, or perhaps everyone is paying more attention to the fundamentals of the projects themselves. This change is worth observing—it reflects either an increase in market maturity or a trend shift?

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LayerZeroJunkie

· 20h ago

The weakening of the linkage just means retail investors can't sell off... Big players are doing their own thing now.

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NftRegretMachine

· 01-07 09:55

To be honest, there are indeed fewer people jumping on the bandwagon now, but that doesn't necessarily mean it's a good thing.

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ParanoiaKing

· 01-07 09:53

Weakening of track collaboration? I think, it's just that everyone is afraid of being cut now. Who's still following the trend?

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EyeOfTheTokenStorm

· 01-07 09:38

Honestly, this is a manifestation of liquidity fragmentation. After big players cut a wave of retail investors, they dispersed, and now retail investors are each playing their own game, so where's the linkage... Is the track effect weakening? I think, fundamentally, it's still because no new funds are entering the market. The crazy days of "when one coin rises, the whole sector follows" in the early years were driven by high incremental capital. Now it's all about stock game, who can keep up... From my quantitative model, the correlation coefficient has dropped from 0.78 straight down to 0.42. What does this mean? It indicates that this market has no more stories. Are participants rational? Come on, they've just learned to be smart; who would still get cut... Raising attention to fundamentals? That’s just a trick to fool beginners. In reality, everyone is just banding together for mutual comfort because the overall sector is dead, and everyone can only bet on the technological breakthroughs of a few projects. I've seen this kind of trend before, usually a precursor to a bear market... It's definitely worth observing, but while doing so, I suggest everyone prepare risk contingency plans. Historical data shows that a decline in linkage often accompanies increased volatility. Friends doing T trading should be cautious; think twice before jumping in...

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StakoorNeverSleeps

· 01-07 09:31

The weakening of the linkage indicates that retail investors are afraid of getting cut, and now they've learned to be smarter.

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