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According to ChainCatcher, citing The Defiant, a research report by Galaxy Digital indicates that in the third quarter of this year, seven large transactions raised more than $2.26 billion, accounting for 48.7% of the total venture capital invested in cryptocurrency and blockchain-related companies during the same period. During this period, venture capital firms invested $4.65 billion in 415 deals targeting crypto-focused startups and private companies, representing a 290% quarter-on-quarter increase, though still below the levels seen in 2021-2022. The growth was mainly driven by late-stage companies, suggesting that capital continues to concentrate on mature firms rather than early-stage startups. Despite improving market sentiment and increasing investment activity, Galaxy Digital believes that "the golden age of pre-seed crypto venture capital is over."

ChainCatcher news, according to Cointelegraph, economic analyst Timothy Peterson posted on X stating that the current bitcoin trend is highly similar to the 2022 bear market. From both daily and monthly charts, the correlation between this year's and 2022's bitcoin daily charts is 80%, while the monthly correlation is as high as 98%. If history repeats itself, a true recovery in bitcoin price may not occur until the first quarter of next year. During the past month's decline, cryptocurrencies have been hit significantly harder than stocks, but signs of a rebound are rapidly increasing. Changes in macro sentiment could still trigger the classic "Christmas rally" for risk assets before the end of the year.