🔔 Others.D indicator update: The altcoin market is in crisis The 'others. d' indicator in the following figure represents the market value proportion of alts after excluding the top ten cryptocurrencies in terms of market value. This should be the best perspective for observing the overall performance of the alts market It's been a long time since we last updated the market share chart of Shanshanzhai Coin. After April 9th and May 14th, the market share of alts has indeed continued to decline as stated at the time We can clearly foresee the continuation of this trend through chart trends, which will continue to expand towards the lower edge of the channel in the future Apart from the predictability of chart patterns, the overall development of the altcoin market is still in a state of confusion and lacks a main narrative logic as a background It is obvious that we cannot return to the monetary easing policy of the previous bull market at present. The macro background of almost unlimited QE is the biggest driving force behind the previous bull market Combining various factors, it seems difficult for us to foresee the possibility of the so-called "shanzhai season" again. Previously, I often said that the market trend of Shanzhai Coin in this context can only be based on the trend of the overall market and follow the trend of the market in stages However, I now believe that the possibility of this trend is also accompanied by a significant decrease in the factor of the market's "liquidity black hole" The so-called 'liquidity black hole' can be simply understood as the significant increase in PVP game trend in the altcoin market after entering 2025, and everyone's game will further become extremely PVP oriented. With the development of this trend, the altcoin market will gradually enter a situation of continuous liquidity depletion At the same time, with the amplification of this phenomenon, liquidity will become more concentrated in mainstream varieties, especially Bitcoin, continuously reducing the demand for liquidity in the altcoin market So it may also lead to an increasing number of varieties in the future altcoin market, and the possibility of falling into a liquidity crisis will greatly reduce the possibility of following the trend of the market to make up for it, let alone a periodic independent market Of course, this is only a subjective analysis of the information obtained through various channels and does not represent the actual expected development of the market But the altcoin market has indeed caused more and more people to completely lose confidence This is not FUD, this is indeed the current market situation When will there be improvement? I have actually thought about this issue before. Let me discuss it in detail when the other. D indicators are updated again Thank you for patiently reviewing END