Crypto analyst Willy Woo said that the current counterfeit products cycle is significantly different from the past. This is the third large-scale loss for retail investors since 2017. The DeFi and NFT waves of 2020-21 and the current Meme coin boom have caused retail investors to continue to suffer. Woo believes that retail investors may have realized the high-risk nature of the counterfeit products market. Although counterfeit products may still rebound after each bitcoin rise, the overall strength of the counterfeit products cycle is gradually weakening, and the counterfeit products market is more like a casino, and the bookmakers will eventually win.