July 24, 2026

Has anyone noticed that, recently, the market has shown some unusual movements—there have been plenty of low-cap altcoins starting to blindly pump, with gains of several multiples achieved basically within a few days or a few weeks. For the bear market we’re in right now, this abnormal signal absolutely cannot be ignored; the information behind it is worth interpreting. Assuming a four-year cycle, we are currently at the bottom most range of the entire bear market. Because liquidity and order-book depth are both very poor, price is being manipulated to surge wildly up and down. We can interpret this as increasing volatility, which further increases turnover.
By increasing volatility to achieve the purpose of accumulating positions, it’s essentially the final dance of every major player’s accumulation phase—in other words, it’s an action that must be taken. For BTC, the same is true: whether it’s a sharp wick-driven dump or a rapid pump followed by a pullback, the goal is only one—to awaken retail investors’ sell-pressure. For chips that have been trapped at high levels, once they enter a “playing dead” phase, they must be pulled back into the market by short-term wild pumps and dumps. Of course, it’s impossible for all trapped chips to be sold out, but if the chips don’t move, then during the subsequent bull market pump, they also are less likely to be sold easily. In that sense, the purpose of the shakeout has already been achieved.
My view is quite clear: the next three months are the best window to bottom-pick. However, given the current external environment, there’s a high chance that we’ll also see one last drop. The biggest gray rhino right now is the sustained high oil price. Although the market seems like it no longer cares about the military conflict between the U.S. and Iran, it’s really not reliable