Exchange Delisting Announcement Becomes a Signal for Altcoin Pump?
Recently, Bitcoin hasn't gone up or down, but the hot money in the market hasn't been idle, and is crazily diving into altcoins!
Especially after the 'Llama Coin Delisting Pump' incident, the entire circle has sensed a new trick — the coins that are about to be delisted by exchanges are ironically becoming the darlings of capital!
Now retail investors have become savvy, specifically picking those 'doomsday coins' that might be delisted to bottom-fish, betting on the last pump by the exchange to sell off!
The logic behind this operation is very clear:
During Bitcoin's sideways period, the main players have no direction, and speculative funds can only seek stimulation in altcoins; the circulation of delisted coins is small, and with a little capital, a surge can be triggered; the exchange's delisting announcement has instead become an 'official certification' for speculation.
Next, we need to be cautious about two points:
Delisted coins may enter a 'death spiral': not all delisted coins can be pumped; some may go directly to zero; Bitcoin suddenly 'comes back to life': if Bitcoin breaks the deadlock, the bloodsucking effect of altcoins may instantly reverse.
But in the short term, as long as Bitcoin continues to play dead, the carnival of altcoins will not stop!
