Watching altcoins fall back to square one!!
The market is so quiet that even the manipulators are too lazy to put on a show. This is right, let's expose those pump-and-dump coins, scam tokens, and trend-following coins.
Currently, Bitcoin is being hoarded like gold by institutions, but exchanges are struggling to cope with the withdrawal pressure from spot trading, and most altcoins have dropped to the point where even their mothers wouldn't recognize them.
(But protocols like UNI and CRV, which are genuinely useful, are quietly building a bottom)
What we need to pay attention to now is to stay away from those flashy new coins, focus on the weekly charts of a few established value coins, and wait for the showdown between Bitcoin and the exchanges to clarify. The bear market is the time to test real value; when the tide goes out, we will know who is swimming naked.
