This market is as dead as it gets, lacking any warmth or vitality.
After two consecutive days of decline, altcoins have returned to pre-liberation levels, rivaling the black swan event of May 19.
At least after that incident, there was a subsequent wave; this time it's a continuous decline, and no one seems to care?
The drop and retracement of altcoins this time is actually more severe than that previous event.
Looking back at the bull market of 2021, Bitcoin soared while Ethereum remained calmly dormant. It wasn't until January 19 that Ethereum seemed to awaken from a dream, breaking through its previous high. But on the 21st, a shocking scene unfolded, with a 20% drop in one day, collectively clearing leverage, leaving contracts in tears. However, after a week of fluctuation, the market revived, altcoins took off, and surged three months leading up to May 19. Ethereum doubled, and altcoins skyrocketed by 10 times! The bull market ended, but the subsequent trend became a celebration for only a few. Don't rush; the big players give out red envelopes every year, allowing retail investors to have a good year, and this year will be no exception. Just be patient and wait!
As a seasoned cryptocurrency investor, I, Tu Fei, share my experiences and insights. Interested in the cryptocurrency world but don't know where to start? Follow me and check my profile to achieve freedom in this bull market.
