Major financial institutions are flagging a potential headwind for major crypto platforms: users might liquidate their digital assets to fund other investment activities or wagers, which could cap the upside for these exchanges. The insight underscores how interconnected crypto trading behavior is with broader financial decisions—when money gets diverted elsewhere, trading volumes and user engagement on exchanges take a hit. It's a reminder that crypto adoption isn't happening in a vacuum; macroeconomic pressures and competing financial opportunities shape how users allocate their capital.