This round of decline is truly numbing, with continuous three months of downward trend and not a single decent rebound in sight. Such a market condition has been extremely rare in the past few years.
Looking back at history, whether it was the "312 crash", the "519 cliff", or the "94 turmoil", hasn’t there always been a decent rebound after each crash? Yet this time, the market seems utterly crushed, with no chance to catch its breath.
What’s even more disheartening is that those large players who crazily short air coins have no bottom line. They hype the market while simultaneously using marketing rhetoric to attract newcomers, only to harvest them severely in the end. Once the VCs obtain the coins, they also hesitate not to dump them for cash, completely disregarding market sentiment and ecological development.
Retail investors have almost no breathing space under this pattern. The entire market lacks trust and long-term thinking, with cutting leeks becoming the main theme.