Although many altcoins have dropped by more than 95%, it seems reasonable for them to drop another 85%. Exhausted liquidity and narratives, especially with meme coins, have led liquidity market makers to flee, and what follows is a reduction in volume and a continued downward trend, which has become the norm;

Previously, an old friend shared a logic for buying altcoins when opening SPACE, which is to conduct market cap assessments, believing that altcoins listed on major exchanges are just shells that should be worth a certain amount, with a market cap of 500-1 billion USD, and they are new meme coins. Now, looking at the decline, it would need to rise 10 times to break even;

It is difficult for normal people to realize a -50% loss and cut their losses. Those with continuity would choose to increase their positions, eventually going ALL in, leading to an overall loss of over 70%. At that point, it doesn't feel necessary to stop loss, which is the biggest misconception in the capital game;