Last night, Bitcoin fluctuated 2000 points up and down, directly erasing the gains of many altcoins that had worked hard all day. This is a typical example of 'false prosperity.'

On the surface, the gains of altcoins look impressive, but the core issue is: insufficient depth and poor liquidity!

It seems that the price has increased, but the order book is as thin as paper. A slight sneeze from Bitcoin or any minor market movement, with just a small amount of selling pressure or lack of buying, can instantly breach the pathetic support levels of altcoins, evaporating their gains in an instant.

With low circulation, a small amount of capital can create a 'false sense of prosperity.' Once real demand or support cannot keep up, especially when BTC is unstable, the speed at which prices collapse far exceeds expectations.

When liquidity is exhausted, prices become extremely sensitive to any directional force, and fluctuations are greatly amplified. They fall quickly, and when they rise, the gains are also inflated.

Therefore, in a market with scarce liquidity, the gains of altcoins are often 'false prosperity.' Prices without deep support are like rootless duckweed; the regular fluctuations of BTC can knock them back to their original state. Don't just focus on the gain numbers; pay more attention to trading depth and liquidity health!