The stock price has experienced a big dump, but the company is still working hard? This round of crypto winter might be a bit different.

[Chain News] Recently, the market has been focused on when Bitcoin will hit the bottom, but a team of analysts from Wall Street has proposed an interesting perspective – this round of adjustment may be different from previous ones.

Let's look at the data first; the market sentiment is indeed quite cold. In the past month, the stock price of a certain compliant platform has dropped by 21%, Circle has evaporated by 37%, and Robinhood hasn't held up either, dropping by 12%. Normally, with such declines, many people should be panicking.

But strangely, the operational aspects of these leading crypto companies seem quite solid? The analyst team found after some investigation that the speculative bubbles are mainly concentrated among the small players who are following trends in strategy, while the real core players are busy adjusting their approaches.

The more critical point is that what these companies are doing now is completely different from before. In the past, they might just rely on transaction fees for their income; when the market was good, they made a fortune, and when the market was poor, they just laid low. Now? After the regulatory environment has loosened, they have started to play various combinations—expanding product lines, keeping up with token issuance, and testing consumer-level applications. In other words, they no longer want to rely on the market; they need to diversify their business model.

So you see, even though the stock price has fallen like this, the company is still doing what it should be doing, and not a single business layout has been missed. This operational resilience contrasts with the market price, which really makes one ponder—perhaps this bottom is different from those pits that were purely smashed out of emotion.