This time, although BTC has reached a new high, most altcoins are more cautious and did not follow the rise, still lying low, as they've been scared by being duped. In previous years, when BTC broke new highs, the enthusiasm in Cryptocurrency Trading groups and search engine search volume were very high, and retail investors were excited. But this time, it’s different.


If this round really marks the end of the altcoin season, then altcoins will no longer have a profit-making effect, and in the future, no one will stockpile altcoins anymore. The number of users in the crypto space will drop by at least 20% to 40%. User loss will inevitably bring about more adverse consequences. The retail investors' roots have been completely dug up, and in the future, retail investors will go play with other assets, while the crypto space will only have institutions holding BTC to mutual liquidate each other, gradually losing liquidity, and the crypto scams will be completely ended.
BTC1.26%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Share
Comment
0/400
Can_tRushvip
· 07-15 07:11
Now Bitcoin's price can only be caught by the rich or countries playing people for suckers, the poor won't buy it,
View OriginalReply0
GateUser-aef24908vip
· 07-15 07:09
In-depth analysis
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)