I would like to talk about my thoughts on altcoins

plummetaltcoinPersonally, I think it is because the BTC pump speed is too strong, and the follow-up altcoin funds can't keep up, so you need to sell at a high point and re-absorb chips at a low point, otherwise when the market is pullback and the situation is not good, you altcoin pump need more long funds, so it is better to run first now, reabsorb chips below and save a wave of money.
After all, from the time when the BTC reached a new high, it was obvious that altcoin funds could not keep up, which should be because there were ETF funds flowing into BTC, but altcoins did not have ETF funds flowing in. The premise of the collective altcoin on the pump is that the market needs to stabilize, although October or November is a unified pump point, but the eldest brother runs too hard, when the eldest brother regresses, the younger brothers cannot accelerate to catch up with the eldest brother, and the greater probability is to follow the eldest brother to retreat together, or just stay in place and wait for the eldest brother to come back.
Then just imagine, if you want the little brothers to collectively follow the big brother to charge together, the premise is that when the price of the big brother falls to the price gap with the little brothers, at this time the big brother restarts, and the little brothers have already built a good nest and continued to do well.
The question is BTC is now willing to go to 60,000 to stabilize, or go back to 50,000 or even further down to recharge, from the perspective of Zhou K combined with the past, the current pullback is still quite small, it was BTC pullback 50% before it was re-Rebound, and now BTC is actually only pullback 15%, altcoin the reaction is too big.