Market Situation and Future Estimates of Altcoins
The current market situation for altcoins is that, apart from popular coins with strong backing, most altcoins have not yet entered a phase of alternating price increases. The core issue lies in insufficient liquidity, with a large amount of funds concentrated in a few leading mainstream coins, and only a small amount of funds flowing into the altcoin sector.
Previous large-scale price corrections have led to a blow to market sentiment, which can be clearly seen from the Fear and Greed Index; currently, the index is only at 70, while it was above 80 for a long time before, and even once exceeded 90. However, the market gradually becoming calmer is actually a favorable development, indicating that it is unlikely to see another sharp correction like the previous ones, where Ethereum fell by 15% and Bitcoin by 10% in a short period.
Looking ahead to the next few days, as long as Bitcoin and Ethereum can hold their previous lows without breaking below them, each price correction can be seen as a good opportunity for investment. The subsequent main upward wave of altcoins is also highly anticipated, and there is a good chance of it being realized.
In a bull market, price corrections are a relatively common phenomenon, and the duration of corrections usually exceeds the duration of price increases. Investors who truly understand this principle will not doubt whether we are currently in a bull market.
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