Bitcoin DeFi demand concentrated in small-but-deep pockets, Rootstock exec says
Hex37's read
- Bitcoin DeFi liquidity has significantly decreased.
- Total Value Locked (TVL) in DeFi dropped from $180B to $70B.
- Demand for Bitcoin DeFi is concentrated in specific, deep pockets.
What it means for traders
- The sharp decline in TVL suggests a bearish sentiment or reduced activity in the Bitcoin DeFi space.
- Focus on projects with strong, consistent user bases despite overall market contraction.
Affected markets
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