Crypto Market Structure Shows Signs of Deterioration

A leading crypto trader has issued a warning about the current state of the market, suggesting that its traditional structure is no longer sustainable.

The trader, known for his Breakout analysis, pointed out that participation alone is not enough to guarantee returns, as liquidity, correlation, and speculative attention have declined.

According to the trader, the market's quality has deteriorated, with many assets lacking investability due to being 'ghost coins' or 'bloated governance slop'. This shift makes it harder for traders to use size and liquidity as filters for relative safety.