According to CoinMeta, Kevin O, Leary, and Raoul Pal point out that the crypto market is facing significant challenges such as reduced liquidity and regulatory uncertainty. Pal indicates that since July 2026, liquidity in the US has remained relatively stable, with a strong dollar and rising interest rates limiting capital inflows into the crypto market. O’ Leary believes that the lack of clear regulatory guidelines in the US is causing companies to hesitate when it comes to adopting blockchain technology and stablecoins. He emphasizes that a clear regulatory framework is crucial for promoting the widespread adoption of blockchain technology. Despite the sluggish market, Pal continues to buy crypto assets and is optimistic about Ethereum and Solana, predicting that Ethereum could reach $18,000 in the second quarter of 2027.