Why don't altcoins have a beneficial effect?
Why is Bitcoin the strongest? It's because Wall Street is buying it and because Binance is regulated. If it weren't for Wall Street, Bitcoin would have died at this time...
Most exchanges have losses, so they don't want to rise, they want to short to settle accounts. However, Wall Street is too strong and has a lot of money. At this time, they have to sell spot and go long in futures (hedging is necessary). But Bitcoin is hard to fall.
"The reason why the copycat market is so difficult in this round of market is that, essentially, apart from Wall Street (they only play Bitcoin), there is almost no new capital entering the market.
It is equivalent to retail investors and market makers of various exchanges betting against each other, and retail investors are long. In the past, each exchange and each market maker attracted new investors by making old investors profitable on paper. Originally, there were new retail investors and new capital entering the market, which could make the Ponzi bet last longer.
However, the environment does not allow it... The leeks have been cut bald by the power class... So the crypto market is so looking forward to the release of water, and the US stock market is in an environment of interest rate hikes, which is so joyful! The core reason is that there are few good things in the currency circle, and we can only play Ponzi bets. Release of water is a sufficient condition, not a necessary condition, and good things are. It is obvious that the ETF target will fluctuate upward.
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