Do you understand the game of the big players in this wave?
Recently, many altcoins have stopped falling and are moving sideways. It seems unusual, but there are hidden secrets behind it:
🔹 A sharp drop in open positions, the big players are unwilling to crash the market
Most altcoins have long been abandoned by the market, with sparse contract open interest and cold spot trading. At this point, crashing the market not only fails to make money but may also lower the coin price, affecting the collateral value of the big players, resulting in a loss.
🔹 Big players' game, tricks on retail investors
When Bitcoin is weak, altcoins often show "false strength", attracting retail investors to go long, then they drive the price up to sell or suddenly crash to harvest.
Conversely, when retail investors are bearish and short, the big players raise the price again, move sideways, and force a short squeeze, harvesting emotions in cycles.
🔹 Mainstream vs. junk altcoins
Mainstream altcoins' trends are closely aligned with BTC. If there is volume in a rebound, it indicates that the big players have the intention to support the price, and the participation is high, making it worth considering short-term involvement.
On the other hand, the cold coins that "shoot up dozens of points" are mostly eye-catching sell-offs, posing extremely high risks.
📌 Summary: The altcoin market has many tricks; do not blindly chase after rising and falling prices. Focus on mainstream, high liquidity projects, and stay away from junk coins with no fundamental support; preserving your principal is the key to success.
