#以太坊交易量反超比特币

The reason why altcoins have short bullish cycles is fundamentally due to liquidity. Insufficient liquidity cannot support high prices, and coupled with the fact that most people want to get rich overnight, retail investors prefer to buy the dip on some altcoins. Some even prefer to go to the primary market, even if it means betting on 99% risk, just to capture that 1% chance. Whether it's Bitcoin, Ethereum, or SOL, or even lower-quality altcoins, some large institutions and capital prefer to take on these three, and the reason still boils down to liquidity issues. We can see that SOL's initial price basically rose in a straight line, which reflects the initial level of control. After reaching a high point, institutions and market makers will maintain a certain price to distribute, take over, wash, and perform a series of operations. Of course, SOL's situation was somewhat affected by the FTX collapse, but as long as liquidity remains relatively high, rising is not an issue. Why is it difficult for most altcoins to rise again after a drop? There are two core reasons: liquidity and the retail investors' tendency to buy the dip.