Don't be fooled by interest rate cuts! It’s still too early for altcoins to have their spring!

Now the streets are full of talk: altcoins can't rise because the Federal Reserve isn't providing liquidity, just hoping Powell will open the floodgates. I say, even if interest rates are cut, altcoins will still be stagnant!

Why are these people in the square fixated on interest rate cuts every day? To put it simply, they are dazed by the massive liquidity in 2021. That year, the epic global liquidity was indeed a catalyst for the bull market, but the more critical factor was—new innovations were emerging in the crypto space constantly!

The Web3 concept was hyped up so much that all industries were energized, with slogans like "diamond hands" and "hold on, don't sell" everywhere, completely different from today's frequent talks of "run fast" and "casino theory." Back then, there was indeed a reservoir to hold the water, but what about now?

Does this recent bull market have anything to do with interest rate cuts? It’s clearly a result of the scarcity of quality assets! Look at why Circle's market capitalization exploded fourfold upon listing? It's the only stablecoin concept stock in the entire U.S. stock market; if not it, then who else? In contrast, in the crypto world, there are countless stablecoin projects; you can't even count them all, let alone buy them all!

Even if liquidity is truly provided, where will the money flow? At most, BTC will get a sip, ETH and SOL will lick the bowl, and altcoins? Haha, it seems like we are about to witness the script of "Finally waiting for liquidity, brothers, let's issue coins and make money in the crypto space!" In my opinion, in the current market environment, without innovation and consensus, relying solely on liquidity to replicate 2021? Dream on!