The prophet $IO has returned, let's see if what I say is accurate. 4.2-4.3 convergence + breaking down liquidations 10% altcoins.
Basically, we have returned to a market with double leverage on Eth, this is a support level where orders are withdrawn, both the big players and retail investors are off buying Christmas gifts over the weekend, robots are PVP.
Additionally, the MSTR news is draining BTC, and altcoins are unlikely to improve in the short term.
For big players to make money, there are two necessary factors:
1. Light vehicles, right now the IO is very light.
2. When pulling up prices, no one is competing for attention; the fewer people around, including in the US stock market and BTC, the better, ideally attracting everyone's focus.
Currently, the entire altcoin market has a tendency to collapse, mainly because of the reduction in the balance sheet which leaves the poor with no money to play around or a lack of interest in playing. Each time Eth has a spike up or down, it's a direct hit at the remaining few retail investors.