At present, altcoins represent the emotions of retail investors. The number of retail investors holding altcoins has reached an all-time high, while there are very few retail investors holding Bitcoin and Ethereum. Only by experiencing a large wash of altcoins can market panic be triggered, retail investors can be washed out, and the market can become healthier.

Overall, the most difficult stage is about to pass, and many unfavorable factors have been gradually digested. The data of liquidation in recent days is comparable to the FTX explosion at the end of 2022. The bottom characteristics are gradually emerging, so it is recommended that everyone should not be too emotionally bearish on the market. We may be at the bottom, and the answer will be revealed in a few months.

In addition, many people have lost confidence in altcoins, and the main purpose has been achieved. The second half will be the home court of Ethereum, Solana and altcoins, especially altcoins will usher in the wealth effect. Letting retail investors reach the climax of the bull market in the second half can only be the wealth effect of the altcoins, and it is also the only means for more people to enter the market to take over.

The current market is volatile. Whether you are interested in Heyue or spot trading, you can find me by checking my profile. After the sharp drop in the market, I am also optimistic about several potential coins and ready to lay out.

You may as well join me to capture the next wave of opportunities in the market.

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