From the data, the Bitcoin volatility index fell to 37.08, a record low, with no funds pulling up or selling chips, and Ethereum is similar. This state is even more "depressing" than the sideways trading before and after the collapse at the end of 2018. $BTC $ETH $BNB

The market conditions of Bitcoin and Ethereum have become very "boring", while altcoins are relatively "exciting" with relatively large fluctuations.

At the macro level, the high interest rate environment and regulation of the Federal Reserve will not improve for the time being, and the funding has been tightening. The consensus on Bitcoin halving and the expectation of spot ETFs are also supporting the market. The two forces have formed an extremely delicate balance, and this balance will not be broken until a new narrative or major event emerges.

This market situation is very uncomfortable for the banker, as a volatile market means no profit. Since Bitcoin and Ethereum cannot be cut, the sickle is turned to the altcoins, so the altcoins have different situations.

Take YGG for example, which has increased by more than 5 times in just a few trading days, and DODO, which has also increased sharply in a short period of time. These targets have one thing in common: small market value, certain concept, sideways trading at the bottom, not completely empty, and one more thing, there is contract trading.

This type of altcoin is too easy to be manipulated by the market makers, and the risk of chasing the rise is extremely high for retail investors. For the market makers, there is basically no trading volume in the spot market, and it is not important how much difference they can make by pushing the price up. The most important thing is to make money by exploding the contract and cutting the leeks of the market. Under this kind of volatility, anyone who does contract trading is expected to be liquidated.

More than 95% of the coins in the crypto market have no intrinsic value, they are just air, but small market capitalizations often have extremely high trading value. Where there is trading value, there is potential for gambling. The market likes this kind of high volatility, in two words: excitement.

Therefore, since the mainstream cryptocurrencies will not fluctuate much in the next few months, the market style may be concentrated on this type of products: small market capitalization, certain concept, sideways bottom, not completely empty, and contract trading.

The dealers use this kind of copycat coins to make money, which is very risky. Don't chase high prices. Large funds should still invest in mainstream coins such as Bitcoin. #fdusd #Multichain #荣耀时刻 #BinanceTournament #BTC