The market is truly messed up right now, liquidity is at a historically low level, even more absurd than the end of the 2022 bear market. It seems that only 10%-15% of real cash is circulating across the entire network; the rest is just air and leverage cutting each other down.
In the secondary market, altcoins jump 50%-200% in an instant, and when they crash, they are directly halved again and again, completely a roller coaster in a liquidity vacuum. Anyone who is late by half a step becomes a victim.
The situation with altcoin contracts is even more exaggerated, with 24-hour liquidation amounts starting casually at 100 million dollars, both sides being harvested, like a perpetual motion machine.
New VC projects are purely "listing equals peak" now. Whether it's Binance Alpha, Bybit, Gate, or directly on major exchanges, the script is basically the same: opening directly at 20-50 times, retail investors swarm in, VC + institutions + market makers precisely offload and smash the price down, pulling one last wave before it goes to zero to give the last batch of bag holders some hope, repeating in cycles.
On the MEME side, it's even more ruthless. Apart from a few with top-tier conspiracy groups (platforms, KOLs, group leaders, and large contract holders are all in cahoots) controlling the coins, the remaining 99.9% of MEME tokens are "short-lived seeds." No matter how impressive the narrative is or how passionate the community is, as long as there are no backers, they go up just to come back down the same way. It’s pure PVP among retail investors; whoever calls out a trade just happens to be a bag holder. The more aggressively they shout, the more brutally they get cut, and everyone in the group is all in every day, but in the end, they all stand in line on the mountaintop.
This market is no longer about investing; it is a naked zero-sum slaughter, in the late stage of total liquidity depletion. The only way to survive is to be colder, faster, and harsher than others. #加密市场反弹
In the secondary market, altcoins jump 50%-200% in an instant, and when they crash, they are directly halved again and again, completely a roller coaster in a liquidity vacuum. Anyone who is late by half a step becomes a victim.
The situation with altcoin contracts is even more exaggerated, with 24-hour liquidation amounts starting casually at 100 million dollars, both sides being harvested, like a perpetual motion machine.
New VC projects are purely "listing equals peak" now. Whether it's Binance Alpha, Bybit, Gate, or directly on major exchanges, the script is basically the same: opening directly at 20-50 times, retail investors swarm in, VC + institutions + market makers precisely offload and smash the price down, pulling one last wave before it goes to zero to give the last batch of bag holders some hope, repeating in cycles.
On the MEME side, it's even more ruthless. Apart from a few with top-tier conspiracy groups (platforms, KOLs, group leaders, and large contract holders are all in cahoots) controlling the coins, the remaining 99.9% of MEME tokens are "short-lived seeds." No matter how impressive the narrative is or how passionate the community is, as long as there are no backers, they go up just to come back down the same way. It’s pure PVP among retail investors; whoever calls out a trade just happens to be a bag holder. The more aggressively they shout, the more brutally they get cut, and everyone in the group is all in every day, but in the end, they all stand in line on the mountaintop.
This market is no longer about investing; it is a naked zero-sum slaughter, in the late stage of total liquidity depletion. The only way to survive is to be colder, faster, and harsher than others. #加密市场反弹
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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