Last night, nearly 110,000 people were liquidated. The top few coins in the cryptocurrency circle did not fall much, but the altcoins fell badly.
It seems that everyone is here to get rich, and many people are doing high-multiple contracts for altcoins.
There are several differences between the current market and the previous two bull markets.
1. Bitcoin ETFs have driven this bull market trend. ETF funds have two major characteristics. People who lock positions and invest in Bitcoin ETFs pursue a diversified portfolio. With these two characteristics, we can conclude that these funds will not flow into the altcoin market.
2. The current bull market in the cryptocurrency circle is halfway through, and no new innovation has appeared.
3. Altcoins have been facing a large number of unlocking.
Combining the characteristics of the previous two bull markets with the characteristics of the current bull market, we can get a glimpse of how the market will trend in the future. Of course, it is difficult to predict the future, and no matter how difficult it is, we must have an expectation and make corresponding strategies.
In the 2017 bull market, Bitcoin rose first, and then ICO appeared, leading the market to a comprehensive bull market.
In this bull market of 2021, Bitcoin led the rise, and then DeFi appeared, leading the market to a comprehensive bull market.
On the other hand, this wave! Until now, the ETH chain is still playing with old concepts, and the new concept is inscriptions and runes. These concepts are memes, and everyone knows what memes are.
In the past two rounds of bull markets, Bitcoin led the rise, and the logic of ETH taking over was that Bitcoin funds flowed out and entered the altcoin market.
What about this wave! Bitcoin ETF funds are in a locked position and will no longer flow into the altcoin market.
Next, I boldly predict that Bitcoin Ethereum and some mainstream coins through ETFs in the future will rise separately, and when they rise, altcoins will follow. Once the ETF coins consolidate or pull back, these altcoins will return to the starting point.
After a round of bull market, most altcoins will not rise sharply.
This market is very cruel, and the market has been changing. Often the weakness of human nature is that they are not good at changing. The future market is really unfriendly to losers.
Once again, I warn everyone not to touch high-multiple contracts. No matter whether it is low-multiple or high-multiple, you should not touch the altcoin.
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