Crypto交易员朱一旦
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In a situation where liquidity is exhausted, the project side cannot deliver at all, and 70% of the chips of altcoins are in their hands, which has led to a situation where there are neither sell orders nor buy orders, and the altcoins cannot drop further.
Unless the market has reached an irretrievable point, when the project side is in panic, they will adopt an attitude of selling as much as they can, because once altcoins are dumped, the chips are dispersed, and the cost of trying to bring them back up is higher than starting a new project.
The black swan on October 11th completely wiped out the last penny in retail investors' pockets, and the project side couldn't even find a counterpart to build short positions, only hoping for mainstream coins to stop falling, and to have a good market for selling around the Chinese New Year!
Unless the market has reached an irretrievable point, when the project side is in panic, they will adopt an attitude of selling as much as they can, because once altcoins are dumped, the chips are dispersed, and the cost of trying to bring them back up is higher than starting a new project.
The black swan on October 11th completely wiped out the last penny in retail investors' pockets, and the project side couldn't even find a counterpart to build short positions, only hoping for mainstream coins to stop falling, and to have a good market for selling around the Chinese New Year!
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