Yesterday, some friends brought Maotai to drink and asked me if this is the starting point for the altcoin bull" market. My advice to him was to take it easy. This round, the altcoins do not have a bull market. In March this year, the funding rate for Bitcoin broke 0.05, and at that time, altcoins generally surged. Then, there was a prolonged seven-month period of (oscillation) and decline, with altcoins basically dropping below historical lows. It wasn't until Trump took office that strong news "stimulated the market and off-market funds entered. Yesterday, the funding rate broke 0.08, but when Bitcoin( strongly) broke 90,000, altcoins collectively fell, with some altcoins even directly breaking historical lows. They seriously follow the decline but not the rise. This round, the altcoin -market is severely lacking in liquidity. As long as the market improves slightly, those VCs( continuously) release liquidity, directly crashing and harvesting. Memes are the same; they are nothing but garbage. Their market capitalization is in the tens or hundreds of billions. In this round, one can only play short-term, not long-term. The crypto circle no longer has the effect of getting rich quickly because" whether it's VC coins or meme coins, their market capitalization is too large, and there are too many new coins. Moreover, given the current dire global economic "environment, the funds entering the market are extremely limited. Project parties harvest the (market) funds and directly cash out, no longer flowing into the market. In this round, I respect anyone who dares to go all in and take long positions as a hero.

#WillBTCBreak100KSoon #cryptomarketcapATH #BTCBreaks89k #HaveYouBinanced