The current market is divided into three modules: BTC and ETH, the two big brothers, the altcoins and meme coins invested by institutional VCs. The market thought that after the Ethereum ETF was passed, it would finally be the turn of the altcoins to rise. As a result, the funds returned to the meme after a few days of rebound.
The mainstream is still Bitcoin and Ethereum. Institutions have been manipulating the market price. The purchase of retail investors does not constitute the fluctuation of the market at all. It can only fluctuate by market news. The altcoins incubated by VC institutions are generally overestimated in terms of market value. In fact, they are constantly releasing circulation. The rebound is the opportunity for the dealer to ship. For us retail investors, there is only one meme sector to choose. Although we all know that it is an air project, the market is hot here, and retail investors just like to chase high!
Funds from ETFs and stablecoins rarely flow into the market on a large scale. Now the market is completely in a state of liquidity exhaustion. There is not much good or bad news. It is completely a process of emotional game until the macro news changes. Then there is the news of interest rate cuts, and then there is the election!
