@lorrainechamberl
Mainland’s regulatory risk alert fuels escalating 避险 sentiment. Investors flee stablecoins and RWA-related tokens, shifting to BTC/ETH. Short-term, altcoins drop 15-20%, while majors hold better. Sentiment will stay cautious until regulatory clarity—expect capital concentration in top 10 coins, with reduced participation in small-cap and unregulated projects.