Crypto飞哥
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Talk about why this round of bull market does not have a season for altcoins
The current poor performance of altcoins is largely related to a significant number of retail investors heavily holding Ethereum. The main force of Ethereum cannot achieve a certain level of market control, and there are very heavy low-position, low-leverage contracts on ETH. To be honest, this kind of market is something I am seeing for the first time, and if I were the main force, I would also be very troubled.
Recently, the market has started to release high-intensity Ethereum FUD, making a prediction about the possible future trend: Bitcoin continues to suck blood from the market, altcoins continue to be under pressure, and the entire market is playing Bitcoin to make money. The chips trapped at the bottom of altcoins are starting to loosen, cutting losses to exchange for Bitcoin. If the blood-sucking effect is strong enough, and most of the cutting losses can come out, it may quickly lead to a super bull market where altcoins rise collectively.
If the blood-sucking effect is limited, and altcoins led by ETH do not cut losses, then BTC is now at an absolute high. Coupled with a small black swan (similar to the 8.5 Sam rules of U.S. recession), it would be an excellent opportunity for Bitcoin and altcoins to crash together. If it were me, I definitely wouldn't waste this opportunity. I believe this magnitude could be unprecedented, aiming to break through the last line of defense in the minds of retail investors, which would trigger the final major market movement.
On the contrary, in the market, these FUD Ethereum KOLs will definitely not let them face slap too quickly. Instead, the market will allow them to continue to be correct in a short period (exchange rates continue to decline, etc.), reinforcing retail investors' belief in these big V gods' predictive function, thus leading to retail investors abandoning ETH. What effect are we trying to achieve? This effect is that only Bitcoin is the god in chaotic times, causing everyone to sell their loss-cutting chips to buy BTC, so that ETH and altcoins can truly rally.
The current poor performance of altcoins is largely related to a significant number of retail investors heavily holding Ethereum. The main force of Ethereum cannot achieve a certain level of market control, and there are very heavy low-position, low-leverage contracts on ETH. To be honest, this kind of market is something I am seeing for the first time, and if I were the main force, I would also be very troubled.
Recently, the market has started to release high-intensity Ethereum FUD, making a prediction about the possible future trend: Bitcoin continues to suck blood from the market, altcoins continue to be under pressure, and the entire market is playing Bitcoin to make money. The chips trapped at the bottom of altcoins are starting to loosen, cutting losses to exchange for Bitcoin. If the blood-sucking effect is strong enough, and most of the cutting losses can come out, it may quickly lead to a super bull market where altcoins rise collectively.
If the blood-sucking effect is limited, and altcoins led by ETH do not cut losses, then BTC is now at an absolute high. Coupled with a small black swan (similar to the 8.5 Sam rules of U.S. recession), it would be an excellent opportunity for Bitcoin and altcoins to crash together. If it were me, I definitely wouldn't waste this opportunity. I believe this magnitude could be unprecedented, aiming to break through the last line of defense in the minds of retail investors, which would trigger the final major market movement.
On the contrary, in the market, these FUD Ethereum KOLs will definitely not let them face slap too quickly. Instead, the market will allow them to continue to be correct in a short period (exchange rates continue to decline, etc.), reinforcing retail investors' belief in these big V gods' predictive function, thus leading to retail investors abandoning ETH. What effect are we trying to achieve? This effect is that only Bitcoin is the god in chaotic times, causing everyone to sell their loss-cutting chips to buy BTC, so that ETH and altcoins can truly rally.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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