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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.