Futures
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Launch
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Altcoins have already fallen back to the position before the bull market started, with some even touching the key support levels of 2023. From this perspective, is there still room for further decline?
The most suffocating aspect is actually the collapse of open interest (OI). The OI scale of new tokens has shrunk to around 1-2 million USD, which is hardly comparable. Thinking back to new on-chain projects from 1-2 years ago, any one of them could mobilize several times the amount of capital heat, and now the market liquidity is extremely sluggish.