The current market is sluggish, liquidity is extremely poor, even more boring than the weekend.
Altcoins are performing like "penny stocks," and retail investors have little chance of getting rich. The cryptocurrency ecosystem has changed, and the altcoin season is nowhere in sight. In the past, after institutions pushed up Bitcoin, funds would spill over into altcoins, triggering the altcoin season. But now, market dynamics have changed; there is no bottom, only lower levels.
Altcoins often plummet by 70% or even 95%, new coins continue to decline after listing, and old coins also struggle to recover, potentially gradually heading to zero amid macro market fluctuations. This round of altcoins is extremely difficult to operate; it may be the final liquidation of the altcoin bull markets of 2017 and 2021, as the cryptocurrency market and the stock market move towards a new era of "integration of stocks and cryptocurrencies."
