The DAT flywheel has stopped, and the encryption KOL hints that the DAT company will sell its reserves, while the market will still experience depth whipsaw.

BlockBeats news, on November 21, Alliance DAO co-founder QwQiao reiterated his view, “The next round of Bear Market (not sure when it will come) will be worse than most people expect here. Right now, there is a large group of 'dumb money' that knows nothing about encryption buying Spot and ETFs. Such situations never end well. The market may need another 50% Depth pullback to 'wash out' the Positions held by these people, so that the market can re-establish a solid foundation and continue its Supercycle.” Placeholder partner Chris Burniske also expressed a similar view, stating, “The dumping era of DAT has just begun. Just as it rose all the way up, it will also fall all the way down now.”