The fantasy of altcoins is completely over!
Whale investors are madly shorting altcoins, making nearly $6 million in three days. Recently, they have shorted 16 altcoins on Hyperliquid, with this operation starting on June 12, currently showing a floating profit of about $3.56 million. (1) The most profit came from shorting DOGE, with a floating gain of $2.48 million; (2) Shorting DOGEXRP brought in $1.4 million. This address currently holds a total of $57.5 million in short positions, and in just the past three days, has earned another $2.275 million just from interest. Overall, this shorting operation has been incredibly profitable.
Now many people believe that altcoins can't rise because there hasn't been a rate cut or liquidity, so they are eagerly waiting for the Federal Reserve to loosen up and print money. However, I believe that even if rates are cut, there won't be any significant market movement for altcoins. Most of those hoping for a rate cut are relying on the path dependency from 2021, remembering that the massive liquidity injection was a key reason for the bull market that year. But the key difference is that during that time, a lot of innovations emerged in the crypto space, and there was an overwhelming belief in Web3 across various industries. Nobody was saying that the crypto market was a casino or that it was a race to see who could run faster; instead, it was about who could hold steady and who had more patience, which provided enough support for the market after the rate cuts.
I have already timed the next big market movement in advance, and I'll help you easily profit by going all in!
