Matrixport Market Watch: Altcoin market is heating up, how to stabilize in the "local altcoin season"?

Recently, the focus of the crypto market has shifted to some small-cap altcoins, which have recorded several times the increase in a short period of time, causing heated discussions in the market. For example, the price of a platform coin MYX/USDT has soared sharply in a few days, driven by news catalysis - the announcement of the launch of a token related to the former US president, igniting market sentiment. At the same time, contract open interest soared to a record high, indicating a rapid influx of leveraged funds. Although such a trend has created a "boom scene", it also hides risks: currencies that lack spot liquidity are very easy to be controlled by a few large investors, and once the main force cashes out, the market often reverses instantly, and ordinary investors can easily become high-level takeovers.

Altcoin markets often stem from the weakening of BTC's momentum

Throughout historical cycles, altcoin collective carnivals...

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