Most people will not hold the spot of the altcoin, and basically they mainly hold contracts. Moreover, when the altcoin follows the pullback of Bitcoin, the fluctuation range is very large, especially when many people outside are madly bearish on the future market trend. So when it comes to the altcoin market against the trend, many people will not buy the bottom in batches when it falls, and will not patiently hold the spot.
Since August, the overall market of altcoins has been in a soft state, but the local market has always been there. No matter how Bitcoin moves, there will be one or two altcoins that explode every day. On the one hand, funds are chasing hot spots, and on the other hand, exchanges and chains are also creating hot spots. This reflects that the altcoin market is slowly warming up and recovering.
We began to be optimistic about the future market of altcoins at the end of July. At the beginning of August, after most of the altcoins hit a new low, they saw a good rebound in the second half of the month. Binance also launched a local market where contract trading on small-cap coins exploded, which also foreshadowed the return of market makers. The return of market makers means that liquidity is gradually improving, and trading sentiment will also gradually improve.
If you observe carefully, you will find that most of the copycat stocks have not fallen below the low point of August 5th.
At the end of August, we also reminded everyone that the first performance of the copycat was coming to an end, and we also gave everyone relevant suggestions in advance on August 28.
The trend of the copycat market in September is indeed still a local market, just as we have given the operations.
From the end of September to the beginning of October, you should hurry up and get on board the copycat spot market, hold on patiently, and wait for the next big copycat market trend. If you miss this wave, you don’t know how long it will take for the next wave to come.
#新币挖矿HMSTR #币安上线NEIRO #新币挖矿CATI
