聪明的朋友可能发现了，虽然BTC最低触及了66+, 但很多山寨币并没有下跌太多，比如 $Pump一夜价格没有任何波动。 这就是我经常说的理论，山寨没有那么多货可出了，也没有做市价值。 目前山寨币指数在54，以往的下跌末期都会降到30以下。 这不是偶然，是未来的趋势，BTC的波动会大于一些山寨币，反而更适合交易者操作，山寨的流动性逐渐被吸干，一些龙头会有更好的上涨，大部分逐渐死亡，不归零但没人交易。 所以抄底时也许可以多考虑一些标的。 Sharp observers might have noticed that even though BTC dipped to the $66,000+ range, many altcoins didn’t fall all that much—for instance, the price of PUMP remained completely flat overnight. This aligns with a theory I often discuss: there simply isn’t much supply left to dump in the altcoin market, nor is there much value in market-making for these assets. The current altcoin index sits at 54; historically, toward the end of a market decline, this figure typically drops below 30. This is no coincidence—it’s a sign of a broader trend. BTC’s volatility is now exceeding that of many altcoins, making it a better vehicle for traders. Meanwhile, liquidity in the altcoin space is gradually drying up. While a few leading tokens may still see significant gains, the vast majority are effectively dying—not necessarily hitting zero, but simply becoming illiquid with no trading activity. Therefore, when looking for "buy-the-dip" opportunities, you might want to be more selective about which assets you target.