#Strategy加仓BTC 2025 will see deeper shocks to the crypto world than most people imagine.

According to market data, over 11.6 million tokens have been lost from trading markets in just one year. Even more alarming is that since records began in 2021, 86% of failed tokens are concentrated in 2025. In just the fourth quarter alone, over 7.7 million tokens have been completely abandoned by the market.

But it’s important to clarify—so-called "dead tokens" do not necessarily mean scams or exit scams. Essentially, these tokens have lost liquidity; no one is trading them, and therefore no one is willing to hold them. This is actually the market’s natural selection mechanism at work.

Why is there such a large-scale淘汰 of tokens? Two very practical reasons: First, the technical barriers and costs of issuing tokens have dropped to rock bottom, with various Launchpads and Meme tools making coin creation nearly zero-cost; second, when leveraged liquidation chain reactions are triggered, funds quickly withdraw from small coins and flow back into mainstream assets, initiating the bleeding process for small tokens.

In the short term, this is definitely bearish—mass project failures undermine retail investor confidence, and the era of "buying coins blindly to make money" has come to an end. But from a long-term perspective, this is actually a positive development. After the bubble is squeezed out, market attention will refocus on assets with real liquidity and real utility. BTC, ETH, and top-tier public chain ecosystems will become more scarce and more core.

To put it simply, 2025 has not killed cryptocurrencies themselves; it has only killed a fantasy—not every token is destined to survive. The upcoming competition will no longer be about stories or hype, but about real strength: Is there enough liquidity? Are the use cases clear? Is there genuine demand?

The crypto world is slimming down, not dying out. Understanding this, the direction of choices won’t be too far off.