🔥Hot news! Odaily Planet Daily reported that Quinn Thompson, founder of crypto hedge fund Lekker Capital, strongly advised investors to avoid altcoins at this time. 😱

He pointed out several key factors for the current market instability, including high leverage and open interest, lack of panic buying, and stagnant stablecoin supply. He believes that the market is under increasing selling pressure, especially from venture capital funds that need to raise funds, which leads to more selling than buying. 😰

The sluggish trading volume in the summer has made it more difficult for altcoins to gain market traction. 📉However, we remain optimistic about Bitcoin. 😉So, investors, remember to invest carefully and choose rationally! 💪 (beincrypto)