ETH continuous net inflow cannot hold, BN has launched 8 spot assets in the past half month, everything is being listed, liquidity has been drained, and altcoins have directly collapsed.

From a technical perspective, ETH is currently testing the major trend line, the key support level is there, this wave of correction is almost at its end. From last night until now, it has been descending like helping an elderly lady down the stairs, experiencing three drops, and it should be about over now.

The liquidity of altcoins has always been poor, and with a bunch of overvalued junk coins occupying funds, liquidity has been completely drained, making it impossible to assess. Now we can only wait for a rebound.