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There have been more and more interesting phenomena in recent years. Previously, those top traders and analysts started to set up rebate channels, introducing users to exchanges and recommending leveraged accounts. To be honest, when I saw this scene, I thought, the industry is really cooling down.
Why? Because when the main income sources of influencers shift from content popularity and fan tips to rebate sharing, what does it indicate? It shows that monetizing opinions itself has become very difficult. The market has no heat, fans lack purchasing power, and the window for making money is closing. Although rebates have low thresholds, the returns are also limited—this is a forced choice, not an active strategy.
In a real bull market, these people are busy writing analyses, doing live streams, and promoting their opinions or products, with no time to think about rebates. Now, however, it has become the standard. This is actually the most direct signal of market indifference—even top traffic sources are starting to look for side jobs.