Altcoin declines are divided into four stages

Stage 1: After a continuous rise and a period of volatility by the whale, there is a rapid stretch lasting more than three days, with high volume but no price increase. At this time, so-called experts crazily flaunt their abilities while retail investors rush in. The whale begins to gradually offload their holdings. This rebound saw the majority of altcoins start a comprehensive decline from the 12th of May.

Stage 2: A comprehensive decline begins, but 90% of analysts are still shouting about a crazy bull market, suggesting everyone go all-in to buy the dip, claiming the decline is a great opportunity for low-entry positions. They warn that if you don't buy now, you'll miss out. Meanwhile, the whale continues to offload aggressively. Savvy retail investors begin to take profits during the rebound to manage risks, which lasts from the 12th to the 26th of May.

Stage 3: The vast majority of market analysts no longer dare to call for a crazy bull market. Occasionally, a few may still shout for a crazy bull market, but they lack conviction. At the same time, strong selling pressure begins to appear, or a continuous decline ensues. Many retail investors may realize they are trapped, some waiting to sell during a rebound, while others may cut their losses directly. Each time the market opens, total assets dwindle, and panic sets in from the 26th of May onwards (? Here, a collective market crash will surely occur.)

Stage 4: There are no longer any voices of a bull market in the market; complaints fill the air as retail investors scramble to escape. The majority of altcoins continue to oscillate at low levels, repeatedly testing the bottom. When most altcoins start to decline without following the upward trend, a new round of market activity begins, signaling the time for us to build our positions.