$BTC I would like to share some personal opinions on new coins:

① The new coins listed now are all projects based on the expectation of a bull market. The pricing itself is for cashing out. No matter how good the narrative is, the market value is inflated.

② The market value of 3 billion U can be used as an observation point. Even if the listing continues to rush for a while, it cannot escape the trend of falling. The chips obtained from airdrops and new listings do not have a pattern problem in trading psychology, only a problem of high or low return rate.

③ The continuous launch of new projects itself needs to disperse liquidity. Before the decline is in place, there is no high profit space for strong market makers to make markets, and the motivation for making markets is limited.

④ The listed projects with relatively low market value have experienced the bear market process, can collect more low-level chips, have high subjective initiative to operate upward, and have greater profit space for market making in the second half of the bull market.

⑤ Finally, in the distribution stage characteristics of the bull market turning into a bear market, the process of cottage turning into BTC or ETH causes the track to be extremely crowded, leaving USDT as the king.