Old people who have experienced more than two cycles in the currency market probably miss the scene of thousands of coins soaring and everyone prospering in the past big cycle. In fact, many people have broken their defenses in this cycle. Small coins rise slowly and fall quickly, and they are back to the pre-liberation period. Since April, many altcoins have been cut in half, and there are many that have fallen by 60% or 70%. It is really a three-fold rise and a two-fold fall or even a larger amplitude.
The core reason is:
The funds from the big pie ETF only embrace the big pie;
The volume is too large, and I should be the first to see the future trend from the perspective of market value. This cycle starts with billions of US dollars, and there are many tens of billions of US dollars. The larger the volume, the larger the space is naturally compressed.
