Oversold rebound!
Bitcoin plummeted below 100,000!
Is it not down enough yet? Don't rush to catch the bottom! Altcoins are bleeding! Should you pick up bloody chips?
With altcoins crashing, those shorting them have made a fortune; the 'air force chief' who shorted 16 altcoins on Hyperliquid has made a staggering $13.68 million in the past month, and currently has a floating profit of $9.01 million from shorting a basket of altcoins. Recent articles have also emphasized shorting altcoins, and the methods have been shared with you in those articles; I can't help those who are still longing altcoins.
In the current cryptocurrency market, even with a massive increase in the issuance of USDT, it is still difficult for funds to flow into the altcoin sector; this is akin to how, after China continuously implements interest rate cuts and reserve requirement reductions, the public still chooses to deposit their money in banks, not spending it – the same logic applies. The former indicates that investors have lost trust in altcoins! The latter reflects the public's uncertainty about the future!
A fan asks: Can we still play with altcoins now?
Yes, you can play, but I don't recommend a broad strategy; after a sharp decline, you can engage in an oversold rebound. I like to refer to: wif, pengu, virtual, fartcoin as veteran actors; each rebound is a vanguard. Currently, what is rebounding more are the 'extras', with alpha's contract tokens having depth issues, small market capitalization, and the platform taking on longs, needing to reverse to mitigate losses in a short-lived market.
I believe it will also be very difficult for altcoins to experience a major surge like in 2024! Because the rule that altcoins cannot outperform Bitcoin and that some will definitely go to zero is deeply ingrained in the minds of every retail investor!
Today's focus: pun, uni, spk
