At present, many altcoins have not fallen to the bottom, but basically more than 80% have reached a very critical position range, and the previous gains have now all fallen back.
There are also new coins that have been listed recently, and their performance is not satisfactory. The loss of liquidity, coupled with the current market conditions, is also one of the fundamental reasons for the poor performance of new coins.
However, for long-term spot holders, the current market and position are a very good opportunity. Simply put, the spot that spent 1u to ambush before is now priced at 0.5, and only needs to be 50% off, and then add a part to lower the average price. Calculated by the average price of 0.75u, whether it is the payback period or the profit space in the future, it is quite considerable!
Of course, there are also many people who have 6-8 layers of warehouses or even full warehouses, and they don’t need to worry. The market will definitely get better in the future. It was said a few months ago that if the big cake forms a staged top and oscillates back to the darkest moment, it will not be a bad thing for the market. Those who have made good profits in the past have also been reminded to sell in batches, just to have bullets to cover their positions when encountering such a market!
