$BTC $XRP
Today, the total long positions across the entire network have exceeded 60 billion.
The good news is,
such popular and strong altcoins as Bitcoin, Ethereum, SUI, XRP, and AAVE are still surging upwards with particularly strong momentum.
But the bad news is also quite apparent. With so many long positions piled up, ordinary altcoins have not seen a widespread increase, indicating that people have lost confidence in those general altcoins.
Moreover, most players have leveraged their positions,
and many old players who have been in the game for two to three years are currently experiencing significant losses.
Given the current situation, players would rather operate with leverage
than to add to their positions in those worthless altcoins. This indirectly shows that the market is still lacking liquidity
