The past six months can be said to be a nightmare for bulls. It also broke the idea of ​​many people that it is not a big deal to hold on to the bull market. It is estimated that even if the bull market is still there, most people will periodically make operations such as escaping the top and reducing their positions in advance in the future. So compared with the previous bull market, this round of bull market is actually the same, but with some differences in details. What are the specific details that are different and similar between this round and the previous round? The cyclical bull market in the currency circle has been verified many times, so it is obvious that a large number of new investors entered the market at the beginning of this bull market (I guess it was old investors who entered through MLM with their relatives and friends), while in previous bull markets, most new investors only started to enter the market after the frequent news of Bitcoin surge in the late bull market. This is the first point that is the same and different →→→ the injection of fresh blood

And most of the people who came in actually chose altcoins as their main assets to buy, believing that the profits of altcoins will greatly exceed Bitcoin. The difference is that because of the myth of getting rich quickly through contracts, many people have lost their patience to get rich slowly and abused leverage to open contracts. Therefore, in the liquidation leverage stage in the middle of the bull market, the decline of altcoins was extremely tragic, because of the serial liquidation stampede in the altcoin market, including the founder of CRV being liquidated by his own coin not long ago, which can explain some problems. Therefore, under the premise that the fundamentals of the coin itself are fine, it is not the altcoins in this bull market that have problems, but the people who abuse leverage have problems. There are liquidation trends in every bull market. Why did the altcoins fall so tragically in this bull market, but Bitcoin is still okay? Just compare the holdings of Bitcoin and altcoins. I will directly tell you the result. Most people have opened altcoin contracts, and the amount of funds is not small. However, in the mid-term of the bull market, the leverage accumulated in the early stage of the bull market must be liquidated. Otherwise, how can we get a bigger increase later? If you are the main force, are you willing to pull the market? Therefore, the decline of altcoins is much more than expected. This is also the main reason why I have never done contracts since entering the bull market. The similarity is that the leverage has been liquidated. The difference is that the leverage of altcoins is larger this time. This is the second point →→→Liquidation leverage

To sum up, the bull market is definitely still there, and the greater the fluctuation and the more severe the wash, the more fierce the future market will be and the stronger the endurance will be.