From this table data, it can be seen that a lot of BTC contract accumulation data has flowed out. Currently, the data is close to the minimum point around the 5.6-day low, and if we assume there is still a trend in altcoins, then the recent two days could be a bottom. Since it is a bottom, it can all be bought.

However, it is also possible that funds continue to flow out, and the main chips continue to reduce. Generally speaking, when the main force wants to sell, they need to pull it to a relatively high FOMO liquidity time to sell off. The current liquidity is still too poor. We must analyze and cannot rely solely on subjective views to judge rises and falls; we must respect objective facts and data. Those who rely on technical analysis are basically guessing, combined with some subjective judgments; those with experience may have a higher accuracy rate.

Speaking of liquidity, this year's liquidity is much worse than in 2023-2024. In 2023, the highest daily liquidity reached 1 trillion USD, with an average of 280 billion USD per day. In 2024, the highest was 800 billion USD, with an average of 140 billion USD per day. So far in 2025, it is only 130 billion USD, with an average of 60 billion USD per day.

Such liquidity cannot support a super bull market, nor can it support a frenzied altcoin season; it can only lead to some localized strong altcoin explosions.