The fall of alts this time is really severe. Since last October, the market capitalization has evaporated by more than $580 billion, and the total market cap is only $1.19 trillion now. The $19 billion liquidation event is still fresh in memory, and currently, only 3% of the altcoin prices on a certain major exchange platform are above the 200-day moving average, while the rest are basically lying on the floor.



This data is a bit frightening—however, from a seasonal index perspective, the situation might not be as desperate. Currently, the index is at 17%, a position that has historically often signaled a rebound. Ironically, the fear and greed index has soared to 29, indicating extremely pessimistic market sentiment.

Interestingly, the largest gains are actually concentrated in assets with narratives, such as artificial intelligence and privacy coins. The technical indicators provide more room for imagination: the Bollinger Bands have narrowed down to near the support level, which usually suggests that the bottom is approaching; the price fluctuation indicators also reveal signs of accumulation. Once the rebound starts, breaking through a total market capitalization of 1.21 trillion USD is not a dream.

Waiting.
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LiquidityNinjavip
· 12h ago
Are 3% coins still alive? I don't think so haha --- The Bollinger Bands are all supported now, this is really a bottom-fishing opportunity --- You're right, AI coins and privacy coins are indeed more resilient, coins with substance are just different --- Wait? The Fear Index is only 29? I thought it would be in single digits --- 580 billion evaporated... but this is the taste of the bottom, history always repeats --- The 19 billion liquidation is still impressive, it won't be as bad this time, right? --- Seasonal signals are right here, I bet we break 12.1 trillion --- Shitcoins are lying on the floor, a bit hopeless but also quite interesting --- The key is who can survive until the rebound day, 3% is too little
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DAOdreamervip
· 12-23 20:40
The Floor Price is really amazing, but I feel the opportunity is here Wait, how come those AI coins and Privacy Coins are rising so fiercely? I need to study it well Is the Bollinger Band narrowing? It feels like the bottom is really near 580 billion evaporated, honestly a bit scary... But isn't this rhythm a Rebound signal in history? Only 3% above the 200-day average? How desperate must that be, thinking in Reverse should I be buying the dip Indices often rebound when down 17%, but the fear index is so high, it's a bit contradictory Breaking 12.1 trillion isn't a dream? I need to wait and see this show With so many bottom signals, why am I still not feeling secure? This wave of AI coins and Privacy Coins indeed has a story, whether following the trend or there really is logic behind it Let's wait for the Rebound, anyway it can't fall much further
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TokenSleuthvip
· 12-23 20:27
3% is already good enough to be alive, the rest is definitely a garbage pile --- The Bollinger Bands are at the bottom, is it really at the position this time? Or is it going to trick me into buying the dip again --- AI coins and Privacy Coins are going crazy, other shitcoins should have dropped to zero long ago --- 580 billion evaporated, how many people are trapped... this is truly terrifying --- Seasonal index at 17%, sounds like that kind of "mechanical" bottom signal, not too convinced --- Wait, wait, wait, we've waited so long, when is the rebound coming? --- The data from top exchanges is like this, indicating that retail investors are basically hopeless --- Privacy Coins are rising sharply? Then just buy along, things with stories always rise first --- At the position of 12.1 trillion, I give a 50/50 chance for the rebound to be valid --- That time 19 billion liquidation still has lingering fears, who dares to hold a Heavy Position now? --- Starting to talk about technicals again, feels like every time it's the same rhetoric, and the result?
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