BlockBeats News, February 6 — Over the past two weeks, the crypto market has experienced a deep downturn, with Bitcoin rapidly falling from its high of $90,000 and barely holding above the $60,000 mark. However, the intense bear market feeling is not only reflected in the price. In the past 48 hours, three executives have publicly announced their career changes.
In addition to Kyle Samani, co-founder of Multicoin, who is considered a leading figure in the industry, ZKsync CTO Anthony Rose (@anthonykrose) and Eigen Labs Director of Developer Relations Nader Dabit have also left the industry one after another.
Amid the weak price performance, the wave of executive departures in the crypto industry may be a concentrated manifestation of cyclical industry pressures combined with personal choices.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Analyst: Bitcoin's new rally is gaining strong momentum, driven by favorable policies and institutional demand
Analyst Owen Lau pointed out that the cryptocurrency market is experiencing a strong rally, especially with Bitcoin breaking through $73,000, related to improved U.S. regulatory environment and active institutional investors. Increased regulatory transparency attracts institutional investment, and crypto assets are gradually integrating into the mainstream financial system. Despite high market volatility, if the trend continues, it may signal the early stages of a recovery, offering long-term investment opportunities. Investors should pay attention to policy developments and capital inflows.
GateNews4m ago
Analysis: Bitcoin approaches the two-year critical "bull-bear dividing line" range; whether it breaks through or not may determine the future market direction.
Bitcoin rose approximately 10% this week, breaking through $72,000 and approaching the key price range of $73,750 to $74,400. If it successfully breaks through, a new upward trend will begin; if not, the decline since October last year may continue. Traders should pay attention to the subsequent developments.
GateNews4m ago
Analyst: The indicator resonance shows that the market rebound is not caused by short squeeze, but rather a sign of structural transformation
Independent analyst Axel Adler pointed out that the Bitcoin market systemic indicator has recovered from the year's low of -47 to +0.98, indicating a rapid rebound. He believes that maintaining prices above $70,000 and normalizing funding rates will be key factors for a bull market. Recently, the price structure and systemic indicator have aligned for the first time, suggesting a possible structural shift.
GateNews4m ago
