It seems like a thriving scene, but it feels more like a false boom. The pumpers are mostly some heavily controlled altcoins and low-cap Memes. The mainstream coins, aside from $BTC and $ETH, have only seen a slight uptick, while other large-cap altcoins like $DOGE and $SOL can barely make a move.
I really can’t go long on this bottom; trying to catch it halfway up would be painful for at least a year.
Right now, it feels like the market has been in a downtrend for so long that it's losing steam. The whales are pulling out some cash to pump things a bit, squeezing out the last bit of liquidity in the market, trying to lure back those retail traders who’ve been conservative due to the long inactivity, just to harvest them again. $BTC
I really can’t go long on this bottom; trying to catch it halfway up would be painful for at least a year.
Right now, it feels like the market has been in a downtrend for so long that it's losing steam. The whales are pulling out some cash to pump things a bit, squeezing out the last bit of liquidity in the market, trying to lure back those retail traders who’ve been conservative due to the long inactivity, just to harvest them again. $BTC