Analysis of Altcoins: Should I Cut Losses Now? Is There Still an Opportunity to Exit Altcoins Revivals This Year?
Answer: Do not cut, there is an opportunity.
In the past six months, there have only been two selling points for altcoins, with time windows as short as a few days. I pointed them out in advance, specifically on May 22 and July 23. At that time, I detailed the underlying logic in my writings, but many people did not believe it or did not want to read it. Now, many are still heavily invested in altcoins, even fully invested in MEME coins. Just over ten days since July 23, altcoins have shrunk by another 30%, and now they are panicking and wanting to cut losses. To be honest, I suggest continuing to hold and wait for a rebound. Cutting losses at this low point is purely being influenced by one's own emotions. Many people do not realize that this year's altcoins have a characteristic: there is no distinction between sectors for rising and falling, and there are no sector hotspots rotating; moreover, during Ethereum's surge, altcoins did not show the usual premium increases.
There are two reasons:
Institutional funds are no longer favored, with limited inflow and a large number of retail investors trapped. Altcoins are being uniformly controlled and marketed by institutions.
The high and low points of altcoins are continuously moving downward; do not fantasize about breaking even, and formulate strategies based on acceptance of reality. The good news is that altcoins have gone through multiple rounds of death washes, and continued washing has limited benefits for the market makers. Based on market judgment, there are still opportunities for altcoin revivals from August to December.