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High-Frequency Trader
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As Binance gradually rolls out US stocks, it will slowly chip away at the liquidity of altcoins, making it increasingly difficult to trade them, and fewer people will be involved. The stability and liquidity of US stocks are truly worlds apart from altcoins.
Recently, many altcoins have seen a crazy pump. This indicates that a lot of market makers are aware that without these pumps, it's going to be even tougher to rake in retail traders through contracts. They're all jumping into US stocks—who's left to trade altcoins? So for those still holding onto altcoins that have dropped 80-90%, expect a potential 'zombie' wave, but it’s best to clear out your positions and not hold out for an alt season.
Currently, 90% of the altcoin market is on the BSC chain, so don’t hold your breath for an alt season.
Recently, many altcoins have seen a crazy pump. This indicates that a lot of market makers are aware that without these pumps, it's going to be even tougher to rake in retail traders through contracts. They're all jumping into US stocks—who's left to trade altcoins? So for those still holding onto altcoins that have dropped 80-90%, expect a potential 'zombie' wave, but it’s best to clear out your positions and not hold out for an alt season.
Currently, 90% of the altcoin market is on the BSC chain, so don’t hold your breath for an alt season.
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