Under the surface prosperity of the currency circle, there is an astonishing truth: 99% of the trading volume is fake. This number is so high that people can't help but explore what is left behind the false prosperity? From the tricks of the exchange to the confusion of investors, this world is full of fraud and falsehood. This article will delve into the true face of the currency circle and reveal the essence of the false prosperity in order to bring readers a new understanding and thinking.

The false prosperity of the currency circle often stems from the operation of the exchange. In order to attract more trading volume, many exchanges have adopted various means to create illusions. They may use trading robots to generate a large number of false transactions to increase trading volume and market activity. This practice not only misleads investors, but also distorts the true face of the market. Under the cover of such false transactions, the real trading volume is concealed, and investors often find it difficult to distinguish the true and false of the market.

In addition to the operation of the exchange, the blind following of investors is also an important reason for the false prosperity. In the currency circle, many investors are attracted by short-term interests and blindly follow the market hotspots to trade. However, they often ignore the fundamentals and risks of the market, blindly pursue profits, and eventually fall into the trap of false prosperity. This kind of speculative behavior is not only easy to cause market fluctuations, but also easy to put investors into uncontrollable risks.

Behind the false prosperity, there are more problems and challenges. The imperfect supervision of the currency circle has given market manipulators an opportunity to take advantage of, resulting in frequent market chaos. Investors have a weak sense of risk and are easily confused by false information, deviating from the track of rational investment. At the same time, false transactions are also likely to lead to a vicious cycle in the market, causing the market to gradually lose stability and sustainability.

However, under the false prosperity, there are still real investment opportunities and development space. Only by strengthening market supervision and enhancing investors' risk awareness can the currency circle get rid of the troubles of false prosperity and usher in a healthier and more sustainable development. As an investor, you should remain rational, not blindly follow the trend, carefully choose investment targets, and stay away from the guise of false prosperity, so as to obtain long-term and stable returns in the currency circle.

On the road of the currency circle, false prosperity is only a short-term fog, and real opportunities and challenges are the long-term plan. Only by keeping a clear head and acting prudently can you be invincible in this volatile market. Let us jointly unveil the veil of false prosperity, explore the truth of the currency circle, and create our own investment legend!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Fake trading volume is not surprising to people in the cryptocurrency industry, but there have always been blockchain organizations willing to take on the important task of separating the real from the fake, and presenting a more realistic cryptocurrency industry to everyone. After several months of algorithm research, BTI said in its latest report that on Coinmarketcap, 17 of the top 25 exchanges in terms of trading volume had a 99% level of fake volume, and some even reached 99.5%. That is to say, out of a trading volume of 10 million yuan, only 50,000 yuan was contributed by real users!

I can't imagine how much real data is left in the cryptocurrency industry that claims to have a daily trading volume of 100 billion yuan after removing the fake water.

The illusion of prosperity that is ignored

In previous research reports, it was certified by BTI as a
"pure exchange" (almost no fake volume), but in recent reports, Binance was disqualified as "pure" - Binance was found to have at least 10% of its trading volume faked, and most of the 30 trading pairs studied had fake volume, and some of them had 75% of the volume faked.

Not only exchanges are faking volume, but some projects are also big fakers: 85% of the trading volume of TRON and Ethereum Classic is fake, and these two are both in the top 20 projects in the cryptocurrency circle, not to mention the projects with average rankings.

(The fake volume of the top 12 exchanges, the fake volume of the BTI icon is less than 10%)

For exchanges, fake volume can make them look like they have a set of beautiful trading tables, rank higher on the ranking website, and charge higher listing fees; for project parties, fake volume can seek incremental growth for themselves, and these efforts may bring investors faster than doing things in a real way.

At the level of exchanges and project parties, BTI's actions are thankless, but the cryptocurrency circle needs such people who tell the truth.

Perhaps this report once again points the cryptocurrency world to deception, but the embarrassing thing is that the calls of "forgery" and "fraud" have not caused much commotion in the market.

Transaction volume fraud is like the elephant in the room. It should have been despised and opposed, but most people in the cryptocurrency circle have turned a blind eye to it. Obviously, in the face of a falsely prosperous market, people are more concerned about whether they can make money.

The crypto world needs regulation

Since the advent of Bitcoin, as time goes by, the currency circle seems to have become a game of capital competition, and Bitcoin has gradually begun to run counter to the original intention of the founder Satoshi Nakamoto.

Regardless of the motives and logic of these manipulators, since the problem has been discovered and pointed out, it is always good to get to the bottom of it. In fact, regulators in various countries have always been cautious about the entry of cryptocurrencies into the mainstream market.

Just on June 9, a document on the website of the Ministry of Finance of Japan pointed out that G20 leaders asked international regulators to monitor the risks of cryptocurrencies and required a multilateral approach to make cryptocurrencies work properly.

At the same time, the document stated that technological innovations such as blockchain technology can significantly improve the financial system and economy. However, although crypto assets do not pose a threat to global financial stability at this time, it is still necessary to remain vigilant about risks, including consumer and investor protection, anti-money laundering and other related risks.

Whether you are willing to admit it or not, the development of the cryptocurrency industry is inseparable from regulation. Only by reducing the occurrence of fraud and manipulation can cryptocurrencies enter a wider range of people.

The prerequisite for SEC to approve Bitcoin ETF or other mainstream market acceptance is definitely not false prosperity. Because as an investor, the biggest reassurance is authenticity and trust, and a "game" full of manipulation and forgery will not be accepted by the public. Of course, if you only have high returns in your eyes, and you don't have the common sense that returns are proportional to risks and you can't see the illusion behind the prosperity, then just ignore what I said.

Summary

Many people say that this market is very chaotic, but in the face of the interests of cryptocurrency, their bodies are very honest. Because everyone is always willing to believe what they want to believe, not the facts themselves.

Although brushing has become the default behavior in the currency circle, the lack of accuracy and transparency is ultimately not conducive to the development of the entire industry. Who knows whether the price of the false prosperity in front of us is to accelerate the disappearance of the crypto world? When these false data are removed, what will be left in the currency market?