The stock markets of the United States, Germany, Britain, France, Japan, India, etc. have all hit new highs. This shows that the financial market is not short of money. In fact, in the United States, which has been raising interest rates for two years, M2 has only decreased by a tiny amount.
Although Bitcoin has also hit a new high, the altcoin market that always comes has never come. Some people explain that it is the team selling out, and some say that the main force did not pull the market. The data alone proves that these are all nonsense.
Whether you are a novice or an old hand in the cryptocurrency market, everyone will buy altcoins. For example, the total amount of altcoins is 100 million, but only half of them are in circulation. And they are listed on almost all well-known exchanges. At this time, more than 90% of the circulation of this altcoin is in the hands of retail investors.
When Bitcoin is rising, the trend of this altcoin is either sideways or rising with Bitcoin, but the actual situation is just the opposite. A drop of 70% to 80% is nothing.
So the question is, where does the exchange get so much selling volume? Do exchanges have so much volume?
Why can the altcoins that were announced to be delisted increase several times? Is it because the exchange sold short and bought back to settle accounts?
Is the lack of altcoins this time related to the $20 billion Busd burn and the billions of dollars in fines imposed on Xing Zhao?
I advise you exchanges to stop while you are ahead. Thousands of people in South Korea are ready to sue several exchanges. And they have already collected evidence.
