Crypto turtle
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$XAI Everyone pay a little attention to this project party or market maker's calculation: Because the current market is actually bearish, including this sudden pump without warning, but aside from mainstream coins, most altcoins are silent. Many funds first speculate on Bitcoin, then on Ethereum, followed by Solana, Sui, and others, which indicates one problem: market liquidity is still very lacking. However, the market needs an artificial "bull market atmosphere" to stimulate new users, encourage long positions, and attract these people to go long or buy spot. Then comes another sharp crash to wipe them out or deeply trap them. Several signals indicating we are already in a bear market:
1. Most exchanges are laying off employees, and this is not the first round; some exchanges have laid off employees three or four times. Exchanges are generally recognized as the pinnacle of this circle, able to survive bull and bear markets, and they are all laying off, indicating how bad the market is;
2. Market makers are generally losing money, and some market makers borrowed too much on-chain early on, leading to liquidation of on-chain positions over the past few months, to the extent of bankruptcy. Therefore, it is understandable why most new coins are crazily sold off upon launch. Many VC coins have shifted from a "wealth creation effect" to a game of "who can run faster";
3. When mainstream coins rise, altcoins lag; when mainstream coins drop slightly, altcoins collectively crash;
4. Since the New Year, most people holding spot have lost over 50%, right?
5. Currently, most altcoins are just burdens in the crypto space, traps, and garbage;
6. Many exchanges trying to make money have reached an absurd level and repeatedly test the bottom line, such as freezing accounts for no reason or arbitrarily targeting users.
There is a lot more information, but I can't provide evidence for everything, otherwise I'm worried my account will be frozen. I've also lost quite a bit shorting in the past few days. I estimate many technical analysts are as confused as I am: the technical analysis has lost its reference value; going long results in a drop, going short results in a pump, just enough to hit your stop-loss, and when you stop-loss and come back, it's really frustrating. It's no wonder many people have shifted to US stocks and Hong Kong stocks.
If the crypto market really dies, it will mostly be due to manipulation. In short, everyone should pay attention.
1. Most exchanges are laying off employees, and this is not the first round; some exchanges have laid off employees three or four times. Exchanges are generally recognized as the pinnacle of this circle, able to survive bull and bear markets, and they are all laying off, indicating how bad the market is;
2. Market makers are generally losing money, and some market makers borrowed too much on-chain early on, leading to liquidation of on-chain positions over the past few months, to the extent of bankruptcy. Therefore, it is understandable why most new coins are crazily sold off upon launch. Many VC coins have shifted from a "wealth creation effect" to a game of "who can run faster";
3. When mainstream coins rise, altcoins lag; when mainstream coins drop slightly, altcoins collectively crash;
4. Since the New Year, most people holding spot have lost over 50%, right?
5. Currently, most altcoins are just burdens in the crypto space, traps, and garbage;
6. Many exchanges trying to make money have reached an absurd level and repeatedly test the bottom line, such as freezing accounts for no reason or arbitrarily targeting users.
There is a lot more information, but I can't provide evidence for everything, otherwise I'm worried my account will be frozen. I've also lost quite a bit shorting in the past few days. I estimate many technical analysts are as confused as I am: the technical analysis has lost its reference value; going long results in a drop, going short results in a pump, just enough to hit your stop-loss, and when you stop-loss and come back, it's really frustrating. It's no wonder many people have shifted to US stocks and Hong Kong stocks.
If the crypto market really dies, it will mostly be due to manipulation. In short, everyone should pay attention.
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