The cryptocurrency market has become what it is today, with significantly reduced time and amplitude for trend markets, even reaching the point of extinction.

The core reason is that the cryptocurrency market has developed for more than a decade, forming a large amount of old money that has banded together into institutions, preventing newcomers from climbing up, resulting in class solidification.

There is too much old money in institutions, and the old money only seeks appreciation. Most of the strategies they use are machine quantitative. The quantitative funds in the cryptocurrency market are excessive, with many using various parameters for grids: buying when prices fall and selling when prices rise, leading to constant market fluctuations.

They have already made hundreds of millions, and earning 20% or 50% in a year is still a considerable amount for them, while our principal amounts to only 10,000 or 100,000. We need dozens or even hundreds of times the return, and we need to engage in subjective trading.

However, only trend markets can allow subjective traders to make big money, and the cryptocurrency market has been dominated by quantitative funds, leaving no trends anymore.

It is no longer an era of grass-roots, where small bets could yield big returns, and where underdogs could get rich quickly. ☹️☹️☹️