Everyone thought that the $BTC halving last year would lead to a bull market, but at that time, a large number of institutions entered Bitcoin, and Ethereum was violently dumped to switch hands, causing a lack of market liquidity. The explosion in the primary market also siphoned off many retail investors, and then a large portion was sucked dry by $TURMP to pay off the Trump Tower loan, so the main funds had to go through a long process of washing to clean up the market.
When most people lost confidence in the altcoin season, the strategic goals of the market makers were truly achieved. After Bitcoin hit 120,000, Ethereum followed, $SOL followed, and then all altcoins started to rise, especially the old MEME coins began to surge, such as $DOGE, $WIF, $BONK, $FLOKI, etc.
But the heartbreaking part is that these coins' prices only returned to half of last year's peak, so retail investors holding altcoins basically still haven't broken even, and even if they didn't cut losses and exit, very few dared to enter the market to lower their average price during the lows in May and June, highlighting the importance of position management.
Penny has always advised people to dollar-cost average into Bitcoin, and to always hold 50% of mainstream assets to ensure you always have chips on the table to play; you have to stay in the game to have a chance to turn things around.
