This round $BTC is not a technical adjustment; it is really time to clean up the garbage. Projects without actual value support will basically return to square one. The market is not short of money but lacks worthy investment targets.
Many people are still fantasizing that altcoins will rebound, but the reality is: funds are concentrating on the leading projects. Aside from a few projects with real use cases, the rest are just cannon fodder.
90% of altcoins originally are unsupported air projects.
It's like a market closing at night; rotten vegetables will naturally be cleared away, leaving only the truly valuable items. I looked at the data, and many so-called "innovative projects" are actually just repackaged old concepts, with the probability of the team running away being higher than the probability of project success.
It can even be said that this cleaning process creates space for projects that are genuinely doing work. The total amount of funds is limited; garbage coins occupy liquidity, making it difficult for good projects to develop normally.
From a trading perspective, this stage is actually a good time to filter targets. After the cleaning is done, we can see which projects can survive; those that survive will essentially be the relatively reliable ones in this cycle.
Lorenzo Protocol claims to connect traditional finance and DeFi; basically, every project has said this before, and the result? BANK dropping 6% is the best answer.
The real issue is: the market lacks concepts, but what it lacks is products that can be implemented. Structured on-chain asset management sounds sophisticated, but investors have voted with their feet. Technical indicators are bearish, and downward pressure is evident; this is the reality.
Is the community still talking about long-term prospects? I suggest first seeing if we can survive in the short term. In the current market environment, if institutional-level visions cannot be translated into real profits, they are just castles in the air. Lorenzo Protocol needs to prove not how flashy the concept is, but what actual value it can bring to token holders.
