This wave of decline has caused the altcoins to fall thoroughly. Most of them have fallen to the relative bottom. It is difficult to continue to fall sharply in the short term. The market leverage has also been cleared thoroughly. More than 150,000 people have been liquidated in 24 hours, and a total of US$2.5 billion has been liquidated.

This large-scale leverage liquidation has allowed the market to return to a healthy state. It will become very easy to pull the market. There is a need for an oversold rebound on the technical side.