#加密市场反弹

Those who have spot can hedge appropriately. Today and tomorrow are critical moments. The general trend is still the story of the wolf coming. Today we will talk about the logic of the copycat.

We must first clarify a few points

First, whether a market can continue to maintain its activity requires constant fresh blood.

Now that the inflow of ETFs seems to inject liquidity, most of the liquidity is still in the big cake, and Ethereum can only be suffocated (the car is too heavy, plus uncontrolled factors).

Now it has been a year since the ETF was passed. The cost price at that time should be around 43,000. Even if the positions were built later, they were also at the position of 60,000 to 70,000. In the process of rising, there will not be so many people cashing in profits. But when the market falls sharply, there will be many people redeeming. In fact, most of them are retail investors. The market rose because of the large volume before, and then they will sell in panic because of the decline. This is the psychology of retail investors, whether it is spot or ETF. Coupled with external national factors, it is normal for risk aversion to rise, but for Shanzhai, there is indeed another completely opposite situation. The market continues to see large-cap new coins cutting leeks, meme coins cutting leeks, inscription coins cutting leeks, and presidential coins cutting leeks. Even if the money in the currency circle is blown by the wind, this wave of directly digging out the roots of leeks has also caused a lot of fresh blood to not flow in, and the market liquidity is facing exhaustion.

Second plate logic

Recently, Binance has significantly removed illiquid currencies, even more than 10 currencies at a time, which is unprecedented. Previously, at most two or three currencies were removed at a time, indicating that the situation is already very serious, and the purpose of Zhao Laosi's removal is,

First, to relieve the grievances of the people and ensure circulation. Let these funds flow into other currencies to maintain market activity.

Second, and also at a deeper level, those currencies have become abandoned. Before this removal, there was a currency with a serious decline, which also became abandoned, and doing this is to prepare for the subsequent Shanzhai season.

Why must it be done?

Because if you want fresh blood to flow in, you must create a myth. The idea of ​​retail investors entering the market is the copycat season. Without the copycat season, there will be no new investors entering the market to take over. If you want funds to flow into the copycats, there must be an outflow of big money. These funds provide funding for the copycats to have a chance.