Judging from the trend of Bitcoin's volatile decline in the past few months, there are two motivations behind it. On the one hand, capital deliberately lowers the price and quietly absorbs funds, and on the other hand, it is to clean up the "lice" in the market, that is, to compress the market value of altcoins.
By repeatedly raising and suppressing the price of Bitcoin, a bear market atmosphere is created, forcing altcoins to plummet out.
In the past few months, although altcoins have experienced alternating ups and downs, they have generally declined, except for MEME coins, which have performed strongly.
This method of smashing the market and washing the market has also appeared in the bull market in previous years, but it was usually short-term and urgent at that time, but this time it seems particularly persistent.
Observing the entire altcoin market, the W-shaped bottom structure has been vaguely revealed in the past two months-up for a period, down for a period, but the bottom keeps moving up.
If you look closely at the mainstream coins in the TOP500, I can tell you that even by the end of the year, there are still many currencies that have not yet exploded that are quietly absorbing funds and are ready to go.
