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Analyzing the current bull and bear market: unique situation and the dilemma and opportunities of altcoins!

In the current financial market, this bull and bear market shows completely different characteristics from the 20-24 year cycle.

It is neither like the big bull market driven by unlimited QE in 20-21, nor the bear market formed by industry leverage cleanup in 21-22.

Now it presents a structured bull market trend: only a small number of tokens can rise because they may have market-making plans and sufficient funds; while most projects have exhausted their funds and expectations in the past three years, and it is even more difficult to pull the market.

Typical examples include some public chains, as well as defi and gamefi projects that raised funds when the last round of bull-to-bear market turned into bear market.

Here, we must praise the outstanding project parties such as manta and alt layer, who can be said to have taken advantage of the right time, right place and right people.

In terms of BTC ETF, Americans are very smart and only love BTC, with very little preference for altcoins.

At the same time, under the regulatory background, the strategies of exchanges tend to be conservative.

Bold attempts such as Binance on Spaceship and OKX on Shib are extremely rare, and Ponzi projects that last for more than a month have almost disappeared.

In addition, the high FDV and low circulation gameplay was once the forte of FTX and SBF, but this year's participants and exchanges seem to have difficulty in playing.

New coins should have been a wonderful show in the bull market, but this time the performance was particularly bad, especially OKX's new coins, which were almost all junk VC Chinese plates that were only for reduction, while most of Binance's new coins could still be pulled up.

For altcoins, the biggest problem they face is the dumping and reduction of holdings by project parties and investors in the last round. Because of the rapid burning of money, many projects are on the verge of extinction.

In addition, a large number of VC projects are still waiting to be listed. Perhaps only when these projects are settled, the market may usher in a new market.

However, there will still be opportunities to buy new stocks in the market, but the winning rate will not be very high. It is recommended that investors take a break and avoid the so-called high-valuation VC market!

In short, the current market situation is complex and changeable, and investors need to remain vigilant and make prudent decisions.

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