The bottom-fishing altcoins are trapped, but they have not cut their losses and have been covering their positions to lower the average price.
If the main force wants to harvest, altcoins are more effective than BTC and ETH.
First of all, most retail investors will not buy Bitcoin or Ethereum, which costs tens of thousands or hundreds of thousands of yuan, so altcoins are the first choice for retail investors.
Secondly, the profit effect of altcoins after pulling the market will lead to retail investors' fomo, and CX-style propaganda will guide new users, such as bragging to colleagues or relatives around them. It is difficult for the main force to harvest with mainstream coins, only altcoins can achieve this effect.
Finally, altcoins have a low market value and a high degree of control, and the cost of explosion is lower than that of mainstream coins with large market value.