Ethereum altcoins have collectively plummeted. Have they completely decoupled from Bitcoin? Currently, the 200-day dollar cost averaging for ahr999 has reached around 55,000. Let me summarize the reasons and my views!

There are several reasons:

First, the approval of ETFs has not brought traditional funds into altcoins, and they are even worse than meme coins!

Second, the continuous unlocking of 'VC tokens'. Early investors in altcoins have low costs, and as soon as they are unlocked, they will sell; without new narratives, there is no support!

Third, major projects like $io, ZKsync, LayerZero, and Blast are queuing up for launch, draining the altcoins collectively!

My view:

The above points are on the news front. I don't believe that altcoins are gone just like that. The reason altcoins haven't risen this time is mainly due to the heavy lifting; there's a need for frequent washing. If there isn't an altcoin season, the probability is not very high. I usually think in this reverse way, but contracts definitely should not be opened; once they explode, it’s hard to contain! #io项目 #币安上线ZK