As an old player in cryptocurrency with 5 years of market watching experience and having lived through two bull and bear markets, I must speak honestly today: the wind direction in the crypto space has changed long ago. A wave of altcoin liquidation that most people have not noticed is quietly unfolding — the so-called “potential coins” and “hundred times coins” that are currently being praised will likely not even make it to the circulation list by this time next year. It is not just a gentle halving; it is a direct “social death.”
There are only about 880 days left until the next Bitcoin halving. Friends familiar with the cycles know that this node should be the bottom of the bear market, but this time, the freezing period is more severe than ever before. I have gone through the cycle data from 2013, 2017, and 2021. In the past freezing periods, even if altcoins fell miserably, 30% could still survive to the next cycle. But now it is different: leading coins have capital backing and ETFs providing support, yet the bottom of altcoins has become a mystery that cannot be solved, and it is hard to even find a glimmer of hope for a rebound.
The core issue lies in the complete overhaul of market discourse power. In the early days of crypto, project teams had the final say, controlling the entire process of financing, listing, and price manipulation; later, market makers took over, managing to play some 'scalping' tricks with funds. But now? Platforms directly monopolize trading channels, and project teams have completely become 'vassals' without any discourse power—lacking sufficient funds to maintain coin prices and lacking motivation to develop ecosystems. After all, the money earned is still not enough to pay service fees to the platform; instead of struggling, it’s better to cash out early.
This isn't just my wild guess; it's a solid signal from the market: recently, many altcoin project teams have been secretly dumping their own tokens at discounts as low as 40-60%, euphemistically called 'liquidity management.' To put it plainly, it's the last harvest before they flee! Meanwhile, market-making institutions are even sneakier, quietly absorbing circulating chips while simultaneously hedging short through contracts. The 'rebound market' we see is not a reversal signal at all but a guise for their exit—waiting for retail investors to eagerly take over, only to turn around and ruthlessly crash the market, trapping one batch after another.
As a seasoned analyst, I can conclude that the only two types of 'survivors' in the future crypto world will be: one type is top coins supported by ETFs and favored by heavy capital, which have a safety cushion and a bottom line even if they fall; the other type is ecosystem-related coins deeply bound to platforms, relying on traffic and resource tilt to benefit from cyclical dividends. Other altcoins will either exit directly in this round of liquidation or become 'dumping tools' in the next short-term rebound, getting squeezed out of their last bit of value.
Stop believing in the old logic of 'holding altcoins long-term for a comeback'! The current crypto world is no longer the 'wild era of earning by luck'; it is essentially a naked resource game—altcoins without backing, binding, or ecosystems are like children without parents, having no shelter from the storm in a bear market. On-chain 'decentralization'? It's an outdated slogan; what matters now is platform resources, capital strength, and whether you can see the direction clearly.
To put it frankly: there may be a short-term short squeeze in November and December, likely a trick by institutions to lure in more investors. Don't rush into altcoins impulsively, or the money you get trapped with will be enough to buy you a year's worth of milk tea! Those who can survive and make money in the crypto world have never been 'suckers' holding onto fantasies, but rather the sober individuals who discern the direction before taking action.
Follow me for ongoing updates on cyclical data analysis and survivor coin selection tips that help you avoid liquidation traps and minimize detours. After all, in the crypto world, surviving is more important than anything else; making money is just the icing on the cake! If you've stumbled into the pitfalls of altcoins or have questions about the upcoming market trends, let's chat in the comments, and together we can be 'sober earners' in the crypto space.
