The newly launched VC coins absorbed about 55% of the stablecoins. These coins have generally been falling, and some people have been selling them - airdrop parties and market makers.
Although the overall market value of the new meme coins is not large, they cannot withstand the 100-fold increase in quantity, which has sucked out another part of the market liquidity.
So the problem now is very simple. Retail investors have no money, and most people are not making money. Who can they expect to take over?
Where is the money for unlimited BTC purchases at 61,000 now? When will the dealers who pull the VC coins dare to pull them up, and can they make money if they pull them up?