The altcoin market is bleeding profusely, with many coins experiencing declines of over 40%, and market share falling below 10%.

Firstly, there is still a glimmer of hope: the bull market has not ended, external capital has not yet flooded in on a large scale, and the prices of assets in the market have not reached unbelievable highs; the cycle and space of the bull market have not fully unfolded.

Let's talk about the recent market dynamics: this round of altcoin launches has been exceptionally rapid, almost in sync with Bitcoin, especially the older coins that are less held by retail investors, which have performed the most actively. Meanwhile, some previously popular altcoins have not shown significant increases.

This seems to be a carefully orchestrated scheme by the market makers, quickly creating the illusion of a frantic bull market, and then swiftly suppressing it to harvest funds in the market, primarily targeting those who consider themselves clever.

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