#美联储降息 Bitcoin has rebounded nearly $10,000 in one go, and Ethereum has also risen by 20%. Sounds good, but when you open the chart, altcoins are still struggling. The buying demand hasn't truly returned, and the rebound looks just like no rebound at all.
Even the former leading altcoin, HYPE, can't hold on. They are still throwing money into buybacks every day, yet the price keeps dropping. This clearly indicates that the liquidity of altcoins is being squeezed dry.
Recently, ASTER has performed relatively well, mainly driven by the benchmarking effect with HYPE. It's a bit like the past when BNB and FTT competed against each other. The problem is, this round of market is different. Liquidity is already tight, and it simply can't sustain a proper rally. ASTER's slight uptrend is basically supported by certain buy-in narratives.
Therefore, holding heavy positions in altcoins now is extremely risky. Especially when Bitcoin is still consuming most of the market liquidity, the rebound of altcoins is either an illusion or a trap.
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PositionPhobia
· 12-11 11:17
Really, just by looking at the market chart, you can tell this rebound is a fake.
HYPE is spending money to buy back tokens and still falling, what does that mean?
Altcoins are now just riding the narrative to survive, don’t be fooled.
I don’t understand why some people still hold heavy positions; liquidity is gone.
In the crypto world, it’s always Bitcoin and Ethereum bleeding others dry, everything else is just up to fate.
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TokenVelocity
· 12-11 11:17
Really, BTC is eating into the meme coins' share; even the soup is gone now.
HYPE keeps repurchasing daily yet still falling; this is just absurd.
ASTER's rally is just a narrative game; don't get caught up.
Chasing high meme coin prices is like gambling; I don't understand it.
In a market with tight liquidity, small-cap coins are just cannon fodder.
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SundayDegen
· 12-11 11:17
It's the same story again, rebounds are all drained by Bitcoin, altcoins are dead water.
HYPE buybacks can't save it, it's hilarious.
ASTER is a joke, just a narrative relay baton, fooling people.
Liquidity has bottomed out, heavy holding of altcoins is just asking for death.
Wait, is this a trap? Or am I blind?
Bitcoin is eating meat, altcoins are drinking soup, and now even the soup is gone.
That wave of BNB really can't come back, the market has changed.
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AirdropBuffet
· 12-11 11:12
Here comes the same old drama of bleeding the leeks. HYPE buyback can't save it—what does that mean?
BTC is eating the meat while altcoins are drinking the soup. Don't touch this wave.
That little bit of increase in ASTER? Just hype, I see through it.
Liquidity is dry, and any rebound is fake. Wake up, everyone.
Haha, the Federal Reserve lowering interest rates just to catch the altcoin falling? Dream on.
#美联储降息 Bitcoin has rebounded nearly $10,000 in one go, and Ethereum has also risen by 20%. Sounds good, but when you open the chart, altcoins are still struggling. The buying demand hasn't truly returned, and the rebound looks just like no rebound at all.
Even the former leading altcoin, HYPE, can't hold on. They are still throwing money into buybacks every day, yet the price keeps dropping. This clearly indicates that the liquidity of altcoins is being squeezed dry.
Recently, ASTER has performed relatively well, mainly driven by the benchmarking effect with HYPE. It's a bit like the past when BNB and FTT competed against each other. The problem is, this round of market is different. Liquidity is already tight, and it simply can't sustain a proper rally. ASTER's slight uptrend is basically supported by certain buy-in narratives.
Therefore, holding heavy positions in altcoins now is extremely risky. Especially when Bitcoin is still consuming most of the market liquidity, the rebound of altcoins is either an illusion or a trap.