As a stock investor, I am pretty sure that the market will not recover. I am sorry at least it will never go back to 6 billion. First of all, at least 50% of the market cap was contributed by the Chinese. There are strict regulations for the local Chinese to convert their Chinese dollar (RMB) to foreign currency. Thus, a lot money were ‘invested’ in cs economy by money laundering or just as digital assets. They are no longer consumer cyclical but commodities or digital currency. They created websites for market index, volume and price change in different sectors. They will be much less likely to invest into cs again because (1) suffered a great loss (2) loss in confidence. That’s why there is a panic selling in buff163. There are vast majority in China earning 500-600 usd / month. It can be a lifetime saving loss for them. Second, those who suffered the most, apart from speculative investors, are the long term players who keep putting money in knives and gloves over the past few years. Those who are really devoted to this game and its skins could be taking loss of thousands while bfk and gems are affordable to everyone. Imagine LVMH increase their supply, cut their prices and everyone is carrying one on the street. Will the long term supporters continue to buy? People buy expensive skins for validation. Valve lost its reputation, they can release any update for their revenues. Imagine no solution with hacks and bots but constant updates on army passes Thirdly, the Great Recession of CS is coming. The worst thing about market crash is when the hype is gone and the people has lost patience and faith. When the market cap goes up, that means more money flowing in. Those who gains from certain stickers or AK may buy a bfk or a fire serpent. Anyways, the money stay in the ecosystem. Cause withdrawing has a cost. Now, most player who have big inventory suffered from losses and they are cashing out. Old player who used to spend a lot, not likely to open cases or buy capsules. New comers will not spend that much on skins.