Analysis: Crypto market is experiencing largest liquidation of counterfeit products since LUNA crash

According to Bravos Research, the cryptocurrency market is currently experiencing the largest liquidation of counterfeit products since the LUNA crash in May 2022. The market has seen a liquidation of about $10 billion, far exceeding the situation after the FTX crash. The data shows that the dominance of Bitcoin continues to rise, indicating that there is no obvious sign of the counterfeit products season in the short term. The analysis believes that retail investor enthusiasm has not fully recovered, and the real counterfeit products season may still be ahead.