In the past, the price of Bitcoin rose too fast, and the dealers did not dare to pull the price easily, because the price would easily fall back if there was a slight adjustment in the market. But now, the dealers have found that instead of taking the risk of pulling the price to set the pace for retail investors to take over, it is better to directly invest the money in the hot MEME coin market.
After all, these MEME coins have excellent liquidity, and they can be easily withdrawn after a rapid increase, and the money earned may even be more than the traditional pull. Now even market makers like Wintermute have become the largest market makers in the MEME coin market.
So, the question is: If you are a dealer with 5 million cash in hand, when the altcoin market is sluggish and most of the funds are concentrated in MEME coins, you will choose:
1. Invest this money in altcoins?
2. Or directly invest in MEME coins such as PEPE and Doge?