Is there still a market for altcoins?

Let me share my observations and judgments about the market over the past few months.

First of all, the altcoin market has actually started, but the general investors in the secondary market are too eager. As soon as the altcoin market started, they abused leverage to open contracts. Especially during this recent significant rebound in the altcoin market, it has actually risen quite a bit, but with too much leverage, there was a major liquidation event. On the other hand, Bitcoin, because everyone is reluctant to open contracts, has not suffered greatly from liquidation.

From another perspective, since the altcoin market was so strong last month, it will inevitably have similar trends in the future. However, one thing is certain: as long as the futures market is crazy, it will inevitably be hit again. Just pay more attention to the open interest, and similarly, when the altcoin market comes again next time, as long as the open interest is not large, then the market can last a long time.#美国加密立法或将重启 #加密市场调整 #FlokiETP流动性提案通过 #币安Alpha公布第8批项目 #加密ETF申请热潮涌现