Why do we insist on a bearish outlook for the current market? It is mainly due to liquidity issues. As can be seen from the chart, the market cap share of stablecoins, when encountering trendline resistance, leads to a significant market pullback. Currently, the market cap share is around 6%. If liquidity is to rise to a reasonable percentage, which we estimate to be 8%, the overall cryptocurrency market cap would drop to 2 trillion, currently at 2.5 trillion. This indicates that the market still has a need for further correction.#altcoins #bitcoin