The one-year lock-up period of the old vc coins issued in 21/22/23 has expired, and they are constantly unlocking and sucking blood. The new vc altcoins in 24 are also sucking blood in large amounts.

Although this year is a bull market for BTC, it is impossible for BTC's ETF funds to enter the vc altcoins. Not only is there no increase in funds, but there are also continuous large-scale unlocking and dumping every month. At the end of the month, wld began to unlock and drain blood at a rate of tens of millions of US dollars per day.

Those l2, arb, op, zk, strk still have a huge circulating market value and unlocked market value. And they may be unlocked and dumped regularly every month. It is really difficult to understand the thinking of people who hold these coins. From a mathematical point of view, these coins must obtain a huge amount of incremental funds to just balance the tens of millions of US dollars per month of unlocking and dumping.

Buying these vc altcoins is basically a completely unequal and must-lose game for retail investors.

This is a round of bizarre bull market that has never happened in the history of the cryptocurrency circle. The altcoins are constantly entering a deep bear market. If VC rebounds for a few days, it is only a chance to escape. It is impossible to reverse. If the project side has the money to pull the market, it would have issued a new one long ago.

Now the only participants in the cryptocurrency circle are BTC and a very small number of memes with liquidity. #美国8月核心CPI超预期 #FTX赎回Solana #美降息25个基点预期升温 #灰度将推出首个美国XRP信托 #新币挖矿CATI