The market's continuous decline over the past two days has caused significant losses for the bulls. Looking at this chart, in the last 24 hours, basically nothing is left of the longs that were liquidated. The altcoins are even more pitiful. However, every time the market violently cleans up leverage, it will usher in a phase of bottoming out.

Currently, the number of investors holding altcoins in the market is far greater than that of mainstream coins. This is one of the main reasons for the recent violent washout in the altcoin market. However, the main theme of the peak bull market is still the altcoin market, after all, the greater the wealth effect, the more it can attract more retail investors. So everyone, don’t be anxious, hold onto your spot positions and patiently await the arrival of the peak bull market.