The incident of market makers blowing up should be better understood.

Altcoins are not driven by value, but by large traders + market making.

Many people are still staring at the candlestick chart asking why it is falling. At this stage, the candlestick chart has no reference significance for altcoins.

Because there are no large traders, no depth, and no liquidity, it is just free fall.

The current state of altcoins is that the entire sector has lost power.

Once the power comes back, it will be obvious which fans can still spin and which will crash and explode on the spot.

Because new large traders and new social capital are coming in,

they will not take over garbage assets; they will only select the leaders that can quickly recover operations.

The bottom of altcoins has never been a single point, but a whole period of time.

It’s not that hitting the bottom means it can rise; when emotions collapse, it doesn’t count as the bottom either.

The real bottom is the vacuum period when the large traders are completely dead, the project parties are lying flat, and the new large traders have not entered the scene yet.

And now, we should be roughly at this stage.