Recently, the pullback of altcoins is highly correlated with the movements of Bitcoin and Ethereum. In this bull market, the market response of altcoins is very sensitive—whenever Bitcoin and Ethereum show signs of consolidation or pullback, altcoins tend to decline first, unlike before when they would wait for Bitcoin and Ethereum to pull back before following suit. This phenomenon also confirms the speculative nature of altcoin projects, which are more inclined to sell off rather than drive up prices.
However, if the market continues this pattern, the returns from speculating on altcoins may not be as good as directly holding Bitcoin. For tokens lacking long-term value support and aimed at short-term gains, investors should remain vigilant and steer clear of risks!
