【Crazy Man's Trend Talk】Why did altcoins lose all their gains while Bitcoin is still at 96000?

The madman said…

Bitcoin is still at 96000, why did the altcoins lose all their gains?

The answer lies in the trading volume. Do you remember how, for a few weeks, there were several coins whose trading volume exceeded that of ETH and even BTC as the weekend approached? Look at their trends now. From what I remember, there were DOGE, PEPE, XRP, PNUT, and ACT, among others. Look at their trends now, and you’ll know where the funds have gone. The money is all tied up. Where did the copycat season come from? Did the money come from the sky?

Americans speculate on coins, it is Bitcoin, because it fits the background of value investment. If you have to select a few more, it may be RWA, because it can be valued. If a few more are selected, it may be the head public chain, because it can generate value. Most of the other sectors are just flashes in the pan, many of which are things that people in the industry have fantasized about themselves, which are completely unacceptable to tradition. When they understand them, it may be the next cycle. The real Shanzhai season may be presented in another form, not a general increase. Look at the increase list this weekend, it is simply bleak.

In addition, the bottom of the second exploration has already boarded. Let’s see if there is any good news, just stop loss at the previous low. This time I copied ETH, because from the perspective of going long, ETH/BTC is more cost-effective.

The weekend market volatility has decreased significantly. Set up take profit and stop loss, and you don’t need to watch it anymore. Starting tomorrow, I will go on Christmas vacation and won’t update frequently. However, I will pay attention to the market every day. If there are any new developments, I will explain them in a timely manner. Overall, the holiday is expected to be calm, and the main goal is to trade futures contracts back and forth.

Statement: The article represents the personal views of the author only, not the views and positions of Block. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and Block will not be responsible for any direct or indirect losses incurred by investors in their transactions.

The article “Madman’s Trend Talk” was first published in “Block Like”.