Family, who understands! After the wave of volatility on October 11, the entire cryptocurrency market directly entered 'energy-saving mode.' The candlestick charts are moving slower than my grandmother strolling through the vegetable market, and even a few previously active 'old acquaintances' have collectively gone silent, with trading volume cut in half. Is the market really exhausted, or is it holding back some big move? Today, let’s not beat around the bush; it’s pure practical information + my personal heartfelt opinion, let’s discuss this thoroughly!
First, let’s provide both new and old fans with an intuitive feeling: Previously, even when the market was stagnant, there were still wave opportunities to seize with assets like CRV, OP, CFX, and LTC, and the trading volume could stabilize the basic market. But after October 11, when I opened the trading software, all I saw was an 'electrocardiogram'; the trading volume of these old coins has been directly cut in half, with some even dropping to recent lows. Many fans have asked me in the backend, 'Should we clear our positions and exit?' 'Has all the capital run away?' Don’t worry, let’s first break down the core logic behind it, which cannot simply be summarized as 'fatigue.'
The first key reason: funds have entered a 'defensive observation' mode. This wave is not that the market is out of money, but that money has become more 'timid'. The fluctuations on 10.11 taught many retail investors and small to medium institutions a lesson, and originally aggressive funds began to tighten their lines and prioritize preserving their principal. Especially for old coins, most lack new narrative support, unlike new tracks that have stories to tell, and funds will naturally temporarily withdraw from these targets to rest in safer places. This is not market weakness; it is funds 'avoiding the wind', after all, the survival rule in the crypto circle is 'survive to have a chance to earn'.
The second core point: old coins lack new driving forces, falling into a 'narrative vacuum period'. To be honest, targets like CRV and OP thrived in the past two years thanks to the DeFi and Layer2 hype, but now that freshness has passed, without new technological breakthroughs or new application scenarios landing, they naturally cannot attract incremental funds. In contrast, some new narrative tracks, while also affected by the broader environment, at least have funds willing to speculate. The current situation of old coins is like a faded internet celebrity, with no new tricks to perform, relying only on old fans to support them, and a halved trading volume is not surprising.
Here’s a personal opinion: don’t take this wave of gloom as a 'prelude to a bear market', it’s more like a 'resting period' before a big market movement. The market is always in a cycle of 'panic-observation-greed', and now is a typical observation stage. I have seen this situation too many times, the quieter the market, the bigger the potential fluctuations may be. Those who are in a hurry to cut losses now are likely to hand over their chips at the bottom; while those blindly trying to catch the bottom may be catching it halfway up the mountain. The safest approach right now is not to follow the crowd but to 'select targets + patiently wait'.
I have a practical suggestion for everyone (purely personal experience, not investment advice): for these halved old coins, don’t rush to catch the bottom, first look for two signals. One is whether trading volume continues to recover, at least returning to over 70% of the previous average level; two is whether new narrative drivers emerge, such as technological upgrades or significant collaborations landing. If neither of these two signals appears, it’s better to stay empty and observe than to enter with a 'picking up cheap' mentality. After all, in the crypto circle, 'cheap' targets often have even cheaper prices.
Recently, the market has indeed been exhausting, and many people can’t hold on any longer, even thinking of quitting. But I want to say that the opportunities in the crypto market are always hidden in the volatility, and the calm before the volatility is precisely the moment to filter out the 'true players'. I will always be here to track market dynamics, and once I detect signals of volume recovery, new narratives emerging for old coins, or potential targets surfacing, I will share my analysis and judgments on the homepage at the first opportunity.
Are you still holding onto your old coins recently? Have you noticed any unusual market movements? Let’s chat in the comments, follow me to stay on the right path@帝王说币 #加密市场观察 $BTC
