The remaining funds still betting on the altcoin market are all too smart now, clearly rushing ahead of the main market rebound to buy into the altcoin season. Many altcoins are actually driven by short-term funds feeling that the main market can't fall further, pushing prices up as they close their short positions. The main market hasn't moved much yet, but altcoins have already surged 30-50%.
When the main market truly breaks out and rebounds, altcoin funds will start to gradually withdraw. The bear market has a low upper limit, so if you wait for the main market to confirm the rebound before chasing, it's very easy to buy at the high.
It's tough. First, keep an eye on a few large blue-chip altcoins, buy in good positions early, and if the situation turns bad, just run. This wave of market isn't necessarily worth forcing profits; at worst, you can look for opportunities to short later.
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The remaining funds still betting on the altcoin market are all too smart now, clearly rushing ahead of the main market rebound to buy into the altcoin season. Many altcoins are actually driven by short-term funds feeling that the main market can't fall further, pushing prices up as they close their short positions. The main market hasn't moved much yet, but altcoins have already surged 30-50%.
When the main market truly breaks out and rebounds, altcoin funds will start to gradually withdraw. The bear market has a low upper limit, so if you wait for the main market to confirm the rebound before chasing, it's very easy to buy at the high.
It's tough. First, keep an eye on a few large blue-chip altcoins, buy in good positions early, and if the situation turns bad, just run. This wave of market isn't necessarily worth forcing profits; at worst, you can look for opportunities to short later.