The liquidity of altcoins is currently so poor: 1INCH, with a circulating market value of $180 million, can be considered a mainstream altcoin, and a sell order of less than $2 million directly crushed it by 7% (the decline has now expanded to -13%).

The trading volume is also pitiful, with the 1INCH/USDT trading pair on Binance having a 24-hour trading volume of $1.5 million, of which $1.16 million is from trades provided by an arbitrage bot after selling from this on-chain address. In other words, the actual trading volume is only $340,000...