Good article, recommended The market has entered a stage where retail investors no longer accept new coins, and the selling orders after listing on the exchange are obviously greater than the buying orders. Traditional market making business cannot make market makers make money, and if they engage in malicious cashing (with unilateral liquidity), the amount that can be cashed out is obviously greater than the margin on the exchange, they will be willing to accept the punishment of Binance deducting the margin and cashing out in large amounts. The result of the false boom and foam is that the participating institutions made huge profits in the foam, and the retail investors of value investment continued to backtrack. In such an environment of the altcoin market, we cannot expect any reason for traditional funds to enter and buy altcoins. In my opinion, it is also the biggest problem in this web3 industry