I just noticed the new CoinGecko report on the cryptocurrency market performance in the first quarter of this year, and the situation seems harsher than I expected. The total market capitalization decreased by about 20.4% to reach $2.4 trillion, which means a 45% decline from last October's peak. The numbers are really painful. Trading volume on centralized exchanges also dropped sharply by 39.1%, with March recording the lowest monthly level at only $0.8 trillion. This reflects a shift from a sharp correction to a prolonged cooling period. What also caught my attention from the CoinGecko report is that stablecoins remained relatively stable at $309.9 billion, but the amount of USDT experienced a decline, the first of its kind since mid-2022. Regarding performance, Bitcoin fell by 22% in the first quarter, while oil was the real star with a 76.9% increase. Solana continued to dominate decentralized exchange trading with a market share of 30.6%, and according to the latest CoinGecko report, commodity traders now make up about 30% of open contracts on Hyperliquid due to the demand for 24/7 decentralized trading. The market needs some time to truly recover.