Things with poor liquidity often exhibit characteristics of sharp rises and falls in price.
During the process of sector fluctuations, parts with poor liquidity are always the first to show signs of withdrawal.
Whether it was DeFi in 2020 or the inscriptions at the beginning of this year, this pattern holds true.
Generally speaking, the lower the market capitalization, the poorer the liquidity, making it easier to break down first and the decline more severe.
This time is no exception, with rif, ban, luce, etc. dropping first, followed by coins like chillguy, neiro, pnut in the market capitalization range of 600 million to 1 billion, and finally wif.
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