Yesterday, I asked a question: "What currency do you regret most about your investment?"

The answers were pretty unanimous, with most people who invested in altcoins expressing regret.

Whether they invested in the old coins of the last bull market such as UNI, DOT, and DOGE, or the new coins of this bull market such as ORDI, BB, and WLD, very few people have truly made a profit.

These investments often fall into long-term declines and plummets with no end in sight.

As some people in the group said, there are too many new coins issued in the market. Similar to some situations in the stock market, many projects are suspected of trapping money immediately after listing.

Funds are mainly concentrated on a few high-quality projects, causing the market value of these coins to become higher and higher, while no one cares about those "junk coins" that are marginalized by the market.

Unless market sentiment reaches the point of extreme greed, altcoins may be able to turn around.

But altcoins are not completely without opportunities, they just need to meet some conditions, such as:

①The greed index must reach 80 or above for extreme greed.

②All mainstream large-cap currencies have officially reached record highs.

③The market value share of TOP5 has dropped significantly, forming an obvious cliff-like change.

Currently, the top five currencies by market value account for more than 80% of the total market value, while all altcoins combined account for less than 20% of the market value.

At the end of the bull market, altcoins may experience a short-term surge in an attempt to grab more market value, but this is often a signal to lock in batches of retail investors. This is a common rule in the transition between bull and bear cycles.

Before market sentiment reaches extreme greed, it is indeed difficult for altcoins to make big achievements.

However, at present, the real "copycat season" seems to be far away.