Recently, the decline of BTC is not significant, but the decline of altcoins in the spot market is at least 30+%. The old investors in the crypto world all know about the market crash on March 12th and May 19th. This time it's a slow cut loss, just happening in a different form!

Observant frens will notice that BTC has been rising for a year, while many altcoin targets have hit new lows instead of rising.

As an old leek who has experienced two bull and bear market cycles, the crypto world has its own characteristics in each bull market. It's not like before 2017, when you could buy with your eyes closed and make a profit!

Nowadays, exchanges are constantly launching new products, just like IPOs in the stock market. The capital is diverted, making it difficult to achieve a universal rise. Therefore, Lao Jiu calls it a structural bull market!

Every industry has its cycles, with some making money first and others benefiting later; it's like the saying, the cake is only so big, if there are more people to share, naturally we'll get less!#BTC #ETH