The market is against human nature. Two years ago, the market capitalization of cryptocurrency was 2.3 trillion, and now it is 3.3 trillion. The market share of BTC has surged to over 60%. BTC has risen from 50,000 to the current 110,000. Is the increase in cryptocurrency market value all driven by BTC? Binance has been listing new coins at a rate of one or several a day, while the long-term performance of altcoins has generally declined. Various altcoins are being delisted, and the altcoin market has not expanded. The growth of old altcoins cannot increase by several times anymore. The last altcoin season only picked a few representatives that increased two to three times, and those were still small-cap altcoins. New coins are listed and old coins are delisted, and the project parties are inactive. After launching, coins are continuously unlocked and sold off. Project parties need to sell tokens to maintain their projects. The airdrops of new coins and the selling pressure from promotional airdrops see funds flowing towards grabbing airdrops, project parties, and unlocked sales. What about the inflow of funds into the altcoin market? Liquidations in contracts and spot buying, so who is losing money and who is making money in the altcoin market is clear. Therefore, the long-term trend is also downward. As for the rebound amplitude, it is probably only two to three times, but this two to three times is a rebound that occurs when the market has fallen significantly. A coin that drops 90% from 1 to 0.1 can only rise to 0.3 after three times, and after the rebound, it continues to be sold off and declines. The rebound is only because the unlocked coins need to be sold. So, long-term decline, what good news can there be? It's just being listed on Binance. What could be better news than being listed on Binance? After being listed on Binance, the price may rise a few times, and then it just keeps falling. As the market continues to introduce new coins, this old coin will no longer be favored by funds and will become a discarded pawn, leading to a continuous downward trend.