RootData: The venture capital activity in the cryptocurrency market has sharply declined over the past two months, which may indicate extreme caution in the market

ChainCatcher news, the Web3 asset data platform RootData tweeted that in the past two months, venture capital activity in the crypto market has sharply declined, specifically as follows:

The number of VCs with no venture capital activity increased from 10 to 20;

Institutions conducting 1 venture capital activity remain at a low level, with 14 VCs (in the past 2 months) and 10 VCs (in the past 1 month);

More than 50% of active venture capital VCs made 0 or 1 investment, indicating extreme caution in the market and risk aversion, suggesting a potential deeper bear market phase ahead.