The emerging altcoins in the current market generally display an irrational price trajectory: typically entering a prolonged downtrend shortly after their initial listing, followed by a sudden spike without any obvious fundamental support, creating a brief peak, and then quickly reverting to a downtrend accompanied by a sharp contraction in liquidity.

Such movements often lead to the exhaustion of liquidity in the underlying assets, leaving only a nominal trading structure, lacking sustained market depth and substantive support.

Therefore, investing in altcoins still faces significant uncertainty and operational difficulties in the current market environment. #加密市场反弹 $BTC #加密市场观察 $ETH