Today, the altcoin index has once again entered the buying zone
1. When the altcoin index is below 25, altcoins are worth buying. Since the bull market began, the altcoin index has dropped below 25 twice, leading to two waves of altcoin rallies: the first wave from October 2023 to March 2024, and the second wave from November 2024 to December 2024. Now we are in the third wave below 25.
2. The recent crash in the crypto market began with Trump's tax increase causing a sharp decline in U.S. stocks, but the crypto market remains relatively stable. The NASDAQ futures are currently near the daily EMA200. In the bull market, every time there has been a pullback, it has fallen to the EMA200 before stabilizing and resuming the upward trend.
3. The contract open interest has recently dropped significantly, and each pullback has been a process of deleveraging.