Crypto funding in the third quarter of the year has seen a significant drop of 20%. This decrease has been attributed to what is known as a ‘barbell market’. The data was reported by Galaxy Digital, a prominent cryptocurrency firm.
A ‘barbell market’ refers to a situation where there is a concentration of investment in both high-risk and low-risk assets, while the middle-ground assets are neglected. This trend has led to a decrease in funding for cryptocurrencies during the third quarter.
Despite the drop in funding, it is important to note that the cryptocurrency market is constantly evolving and fluctuations in funding are not uncommon. Investors should remain informed and cautious when navigating the crypto space.