Shanzhai has started to follow the decline instead of the rise again. Every time this happens, it is 100% certain that in a few days the big pie will plummet, and then Shanzhai will collapse. I have encountered this situation three times this year.
Pull 10% in a day, continue pulling for a month, making the retail investors afraid to get in, observe for a month before getting in. Start dumping in a bear market.
Cutting like this, the altcoins drop without following the rise, Big Coin Auntie has pulled so much, the altcoins are still at a standstill, waiting for Big Coin Auntie to pull back, the altcoins will crash again. This kind of ruthless cutting method, do retail investors play with you?
The currency $UNI has truly strengthened; a month ago it was the worst of the Aunt series, only falling and not rising, and now it is rebounding the fastest.
It used to be more comfortable to play with spot trading than with contracts, but now like this, what is there to play in spot trading? The roots of the retail investors have all been cut off.
Last time the big pancake was at 110,000, my spot account is 54,000 dollars, now back to 110,000, my account is 41,000. I really can't buy altcoins anymore, 99.9% of coins can't outperform the big pancake aunt.
If I can survive to the next round, I won't buy garbage knockoffs anymore. Bitcoin is down 2.5%, Ethereum is down 4.5%, and the strong knockoffs like XRP, Solana, and SUI are down around 6%, which I think is reasonable. However, some crappy meme coins are down 12.5%, and I really can't stand it. In the next round, I will only buy strong coins that are down less among the top 30 by market cap, along with Bitcoin.