The cryptocurrency market has evolved into its current state, with the duration and amplitude of trend markets significantly reduced or even vanished.
The core reason is that the cryptocurrency sector has developed for over a decade, resulting in a large amount of 'old money,' which has formed institutions that prevent newcomers from rising, solidifying class structures.
There is too much 'old money' in institutions, and they only seek appreciation of their assets, using strategies that are mostly machine-driven quantitative methods.
There is an overwhelming amount of quantitative funding in the cryptocurrency market, with many employing various grid parameters: buy when it drops, sell when it rises, which has led to constant market fluctuations.
They have already made hundreds of millions, billions, or even tens of billions. Earning 20% or 50% in a year still amounts to a substantial profit, but our principal is only 10,000 or 100,000; we need returns of dozens or hundreds of times, which necessitates subjective trading.
However, only trend markets can allow subjective traders to make big money, and the cryptocurrency market has been so dominated by quantitative funds that there are no trends left.
It is no longer a wild era where one could risk a small amount to become rich; the cryptocurrency market has changed.
