Why are alts not rising right now???


1. Institutional funds dominate, only doing ETH
2. Long-term high interest rates combined with violent liquidations at the beginning of the year have left retail investors with no money; now, there is no exit liquidity for the pump.
3. I think the wave in May liquidated those who were still shorting, and the strong assets generally rose by 2-3 times, which just exploded the short positions. Now no one is shorting, there is no upward fuel, and there are not many who dare to short in the overall altcoin market at historic lows.
ETH2.4%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
Mabhuthenavip
· 07-18 04:43
Ape In 🚀
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)