The cryptocurrency market has been stuck in a prolonged bear market for several months, while in the last few days, some well-known exchanges announced they will shut down operations.
This sounds like concerning news that could trigger additional panic across the community, yet certain industry participants believe it may also mark the cycle’s bottom.
On July 23, BitMEX disclosed that it will cease operations on September 23 this year. The exchange is a well-known name in the industry, existing since 2014 and playing a major role in shaping today’s crypto derivatives market. At its peak, it was among the biggest in the sector and is best known for introducing 100x leveraged perpetual swaps.
New account registrations have already been disabled, while users are strongly encouraged to close open positions and withdraw their funds as soon as possible.
Another popular exchange that will cease to exist due to the unfavorable market environment is BitMart. All trading services on the platform will be discontinued on August 26, while the official shutdown is scheduled for January 31, 2027.
And the list of affected entities doesn’t stop with these names. DEX aggregator Odos will wind down operations on July 30, Dango (the self-proclaimed “Endgame Exchange”) will stop running its L1 blockchain on August 13, and decentralized cloud storage company Storj Labs filed for Chapter 11 bankruptcy protection.
At first glance, it seems like the condition of the crypto sector is only getting worse, but numerous analysts see the upcoming shutdowns as a potential bright spot.
X user Mister Crypto claimed that every bear market in the past has ended the same way – with the demise of a big exchange. They reminded that in 2015, the Mt. Gox collapse was followed by an 11,000% price explosion for Bitcoin. In 2018, Bitgrail went down, and BTC surged by over 2,000%, while in 2022 the cryptocurrency exploded by 700% after the meltdown of FTX. With that pattern in mind, the analyst noted that BitMEX “is dying now,” hinting that a new bull run could be just around the corner.
“The pattern is not a coincidence. The bottom shows up right when the weakest big player finally breaks, because it takes that much pain to kill an exchange that size. And that much
小靓分析：
🦊 小靓解读
BitMEX、BitMart等老牌交易所近期宣布关闭，看似利空，但部分业内人士认为这可能是市场见底的信号。历史上，交易所倒闭或关停常出现在熊市末期，清退弱势玩家后市场反而迎来复苏。
📊 市场影响
短期可能引发恐慌抛售，尤其是BitMEX用户需平仓或转移资产，带来一定卖压。但中长期看，这加速了行业洗牌，减少系统性风险，若比特币能守住关键支撑位（如当前在3万美元附近），市场情绪有望逐步企稳。
💡 操作建议
建议交易者避免盲目抄底，先观察交易所关停后的资金流向和比特币价格反应。如果出现放量下跌但快速收回，可能是底部确认信号，否则保持轻仓观望，控制风险。
风险提示：
该资讯来源于公开渠道，仅供参考。Traceless 无痕智盈平台不对此信息准确性做任何保证。