【Air Gets a New Look, the Sickle Becomes Sharper】

Indeed, the smarter the leek, the easier it is to cut. Why? Because they think they understand it, making them more susceptible to being deceived by old tricks in new packaging. The real cognitive threshold is: you must understand that this market is essentially a guessing game, and all narratives are just to find the bagholders.
The high threshold for trading cryptocurrencies is true; most people can't even read basic on-chain data, let alone understand tokenomics. They would rather believe KOL's calls than spend time studying the essence of projects.
Opportunities are indeed decreasing, liquidity is shrinking, and retail funds are diminishing. Currently, those who can make money are mainly professional players and early-stage strategic leeks. Newcomers entering the market are essentially just giving away money.