#山寨币热点 This wave of big drops caught people off guard! It can be summarized as follows:

1. After the halving, the operating costs of mining companies have surged, and they need to sell as operating expenses and purchase new equipment to increase their own mining machine computing power; some smaller mining companies have even been unable to make ends meet, and can only sell BTC to make a profit and shut down their mining business.

2. At present, pessimism in the market is spreading. Wall Street may not be optimistic about altcoins. #比特币etf In recent days, there has been a net outflow of 580 million US dollars! Many altcoin dog houses only ship goods without supporting the market! Most retail investors are no longer in the same situation!

3. Recently, new coins have been launched too frequently, and every time BN launches a new coin, the new coin will pull back. For example, the $ZK launched this time has been criticized to slag, and it has also led to the decline of many new coins $IO , $NOT , BB, and ULTI. In the final analysis, many VC new coins are overvalued when they are launched, and there is a huge amount of release later. There is no better narrative in this round of bull market, which drives the market's #fomo sentiment!

In addition, 3p must be bought in this bull market, pepe people phryges, Ethereum #PHRYGES (ending with 0435) Olympic mascot, the market value is still very low, the opening of the Olympics in July is imminent, now Binance web3 wallet directly search phryges to buy.