3.5 Shanzhai Coin Index Enters the Buying Range When the index of altcoins is below 25, altcoins are worth buying. Since the bull market, the shanzhai index has dropped below 25 twice, giving rise to two waves of shanzhai market. The first wave was from October 2023 to March 2024, the second wave was from November 2024 to December 2024, and now the third wave is below 25 2. The recent collapse of the currency circle began with the collapse of Trump's tax increase in the US stock market, but it was brought about by the collapse and the actual good news of the currency circle continued. The NASDAQ Futures is currently near the daily EMA200. Since the bull market, four pullbacks have dropped to EMA200 and then stopped falling and resumed rising 3. The contract position has dropped significantly recently, and each pullback is a process of deleveraging