PANews reported on November 6th that the CEO of DeFiance Capital stated that they are currently focusing more on supply and demand factors within the crypto market, while ignoring the impact of the macroeconomy. He pointed out that the bullish attitude of traditional US financial professionals towards cryptocurrencies is largely superficial, with limited actual action. Meanwhile, the current marginal risk capital in the crypto market mainly comes from offshore and South Korean CEXs, but the trading volume on these exchanges has been showing a structural decline for several consecutive months.