Recently, I've been noticing that altcoins continue to stay stagnant in the market, and it’s been on my mind. It seems that hundreds of millions of tokens are being wiped out across the entire cryptocurrency market, but there are arguments suggesting that this is actually a necessary correction for a sustainable bullish cycle.

Ben Cowen has mentioned that for the market to truly sustain healthy growth, a process of淘汰 (elimination) of weak tokens and speculative projects is unavoidable. Indeed, the fact that altcoins aren’t rising at the moment might seem negative at first glance, but conversely, I think it’s a stage where the market is exercising self-purification.

From a Bitcoin perspective, for BTC to lead a bullish trend, this kind of market cleansing is a prerequisite. In other words, the disappearance of low-quality projects makes it easier for truly valuable projects and capital to concentrate.

During these phases, many people might feel anxious about altcoins not rising, but it can also be viewed as a preparatory period for the next cycle. If the market is organized and cleaned up, the likelihood of a full-scale upward phase increases.