$BTC Many people are still fantasizing about a general bull market this round, which is basically unlikely. Altcoins no longer have the potential for a bull market. The secondary market is just continuously providing blood transfusions to VCs and first-tier chains. The off-market economic environment is so dire, and funds are inherently limited. In the secondary market, those high market cap, low liquidity VC coins are harvesting existing market funds. At the same time, those 'shitcoins' continue to harvest as soon as they hit secondary exchanges. However, first-tier 'shitcoins' are even harder to play. On average, one appears every second. Therefore, the market always shows a tendency to fall but not to rise. Bitcoin broke 90,000 today, and altcoins collectively retraced. Market funds are always seriously insufficient. Whenever there is an upward trend, those VC 'dog traders' start selling coins. This will be a common characteristic of this round of market. So, in this round, only play short-term, not long-term.
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