# Сопутствующие статьи по теме Altcoins

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Altcoins", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Market Liquidity Survey: Under Diminishing Liquidity, Retail Investors 'Buy Lottery Tickets', Main Players 'Purchase Insurance'

Following the sharp market decline on October 11, the crypto market has entered a period of low activity and structural divergence. Analysis of order book depth, derivatives data, and stablecoin flows reveals a clear trend: liquidity is deteriorating, institutional players are adopting defensive strategies, while retail investors remain in a wait-and-see mode. Order book depth on major exchanges like Binance has weakened significantly, with both bid and ask liquidity thinning out. Altcoin open interest and trading volumes have also declined, indicating a lack of retail participation and speculative interest. A notable shift is observed in the options market. Bitcoin options now dominate trading activity, with put options—particularly those concentrated around the $85,000 strike—carrying significantly higher premiums than calls. This suggests that while retail traders are buying cheap, out-of-the-money call options (like “lottery tickets”), institutions are paying high premiums for downside protection, reflecting a bearish or defensive stance. The max pain point for December is around $100,000, indicating a key level where option sellers would profit most. Stablecoin data further highlights this divide. USDT reserves on exchanges have reached an all-time high, suggesting available capital from retail and non-compliant players waiting to enter. In contrast, USDC—predominantly used by U.S. institutions—has seen a sharp 40% withdrawal from exchanges, signaling institutional exodus or de-risking. Overall, the market shows fragile liquidity, major capital fleeing or hedging, and a cautious retail crowd. A break below the $85,000 support—where institutional puts are concentrated—may be more critical than any push toward $100,000.

marsbit12/15 09:29

Market Liquidity Survey: Under Diminishing Liquidity, Retail Investors 'Buy Lottery Tickets', Main Players 'Purchase Insurance'

marsbit12/15 09:29

Imbalance in Returns Amid High Correlation: Why is Capital Being 'Squeezed Out' of Altcoins?

Over the past year, a stark divergence has emerged between cryptocurrency and U.S. equity markets. While the S&P 500 and Nasdaq 100 have posted significant gains, altcoins have experienced a severe downturn, indicating a structural shift of capital toward higher-quality assets. Major indices like the S&P 500 and Nasdaq 100 rose substantially in 2024 and 2025 with relatively low drawdowns. In contrast, the CoinDesk 80 Index, tracking altcoins outside the top 20 cryptocurrencies, plummeted over 46% in Q1 2025 and was down 38% year-to-date by mid-July. A key driver is the "return imbalance under high correlation." Despite a correlation of 0.9 between major cryptocurrencies (CoinDesk 5 Index) and altcoins (CoinDesk 80), their returns diverged drastically. The former gained 12-13%, while the latter fell nearly 40%. The risk-adjusted return gap is even wider. Altcoin indices showed volatility similar to or higher than equities but delivered deeply negative returns and negative Sharpe ratios. Over five years, a small-cap crypto index returned -8%, while a large-cap index surged 380%. Trading data shows capital is not exiting crypto but flowing up the quality curve. Volume is concentrating in the top 10 altcoins and "institutional-grade" assets like Solana and XRP with regulatory clarity. Bitcoin and Ethereum ETFs are attracting sustained institutional inflows. Consequently, diversification into altcoins has lost its appeal. Their high correlation with major cryptos negates diversification benefits while adding risk. The market's logic has shifted: capital is now focused on regulated, liquid assets, squeezing out lower-quality altcoins.

marsbit12/15 09:08

Imbalance in Returns Amid High Correlation: Why is Capital Being 'Squeezed Out' of Altcoins?

marsbit12/15 09:08

The Dark Side of Altcoins

The article "The Dark Side of Altcoins" argues that most cryptocurrency tokens inevitably fail due to a fundamental structural conflict between company equity and token holders. Most crypto projects are essentially traditional companies with equity-held founders, VC investors, and profit motives, which later issue a token. This creates irreconcilable incentives: equity seeks to capture value (revenue, profit, control) for the company and shareholders, while tokens need value (fees, buybacks, governance) to accrue to the protocol and holders. Equity almost always wins, leading to token value drainage. The piece highlights Hyperliquid as a rare success because it avoided VC equity financing entirely. Without a board or pressure to deliver value to shareholders, it could direct all economic value to its protocol and token. Legally, tokens cannot function like stocks without being deemed unregistered securities (if they offer dividends, ownership, etc.), which would trigger severe regulatory crackdowns. The optimal structure is one where the company holds no equity, captures no revenue, and all value flows to token holders via protocol mechanisms, with a DAO governing economic decisions. However, the only way to eliminate all conflict is to become a fully decentralized protocol like Bitcoin or Ethereum, with no company, no equity, and neutral, autonomously running infrastructure. The core issue is structural, not market conditions. Tokens are mathematically destined to fail if the project had VC rounds, private token sales, investor unlock schedules, or allows the company to capture revenue. Success requires value directed to the protocol, no VC equity, aligned founder/tokenholder incentives, and an economically irrelevant company. The solution is for investors to stop funding poorly designed projects. The future of the industry depends on capital flowing to projects with sound tokenomics, like those pioneered by Hyperliquid, MetaDAO, and Street.

深潮12/11 10:13

The Dark Side of Altcoins

深潮12/11 10:13

12.11 Today's Market: Why the Drop? BTC\SOL\ETH\BNB\ASTER\LUNA\AVAX\ENA\FIL Trading Analysis

The cryptocurrency market experienced significant liquidations in the past 24 hours, with 155,332 traders liquidated totaling $514 million. The largest single liquidation occurred on Hyperliquid’s BTC-USD pair at $23.185 million. Market sentiment remains stable, with price movements largely driven by economic data and expectations around interest rate cuts. Key technical levels were highlighted for major cryptocurrencies: - **BTC** is consolidating near the $88,700–$89,000 support zone, with a critical resistance at $92,500. - **SOL** is testing support at $129, with further downside target at $125.3 if broken. - **ETH** faces resistance at $3,338, with key support near $3,130–$3,110. - **BNB** shows weakness, with resistance at $873 and support levels at $861 and $846. Altcoins like SOL, AVAX, and ENA are testing monthly support levels, suggesting potential rebound opportunities, though market sentiment remains cautious. Leverage structure varies across tokens: HYPE, XMR, and ASTER face long-side liquidation risks, while VIRTUAL, FIL, BON, and PEPE may see short squeezes. Notable mentions: - **LUNA** is showing signs of a rebound, but a bearish outlook remains. - **ASTER** is hovering near a psychological support at $0.90; a break below could trigger further decline. - Meme token **BudgyBenguin** saw high volatility but may have completed its correction phase. Three new tokens launched: $CYS (ZK + AI infrastructure), $BTX (music copyright RWA), and $US (SUI ecosystem stablecoin), aiming to capitalize on improving market conditions.

金色财经12/11 07:00

12.11 Today's Market: Why the Drop? BTC\SOL\ETH\BNB\ASTER\LUNA\AVAX\ENA\FIL Trading Analysis

金色财经12/11 07:00

"Stops Are Taken Out Along with the Deposit": A Selection of Hot Topics from the RBC Crypto Forum

"Feet are taken out along with the deposit": A Summary of Hot Topics from the RBC Crypto Forum The RBC Crypto Forum community on Telegram is actively discussing a wide range of cryptocurrency topics. Key discussions include: * **Market Sentiment:** Members are sharing bullish expectations for Bitcoin's growth this week while also analyzing the reasons behind its recent price drop, including the influence of the AI sector, macroeconomics, and geopolitics. There is also discussion on where the current fall might bottom out. * **Altcoin Discussions:** Popular coins like ICP, LUNA, and SOL are being debated, alongside questions about which crypto projects members would hold long-term until 2030. * **Trading & Security:** A user shared their unfortunate trading experiences with stop-losses failing, prompting advice from the community. The potential threat of quantum computers to blockchain security was also a topic. * **Regulation & Access:** Forum participants are discussing the latest statements from Russia's Central Bank regarding banks providing access to the crypto market and exploring safe places to buy cryptocurrency as alternatives to P2P exchanges. * **News & Projects:** Other hot topics include record outflows from BlackRock's Bitcoin ETF, new NFT gifts on Telegram, the Toncoin project, a new smart ring for crypto price alerts, and updates on testnets like Gensyn, Sandchain, and Citrea. The forum also features expert threads from specialists like trader Anatoly Radchenko and legal expert Andrey Tugarin, offering unique content and direct Q&A opportunities. Launched in mid-2024, the forum has grown to over 20,000 members who share ideas and discuss market trends.

RBK-crypto12/09 17:20

"Stops Are Taken Out Along with the Deposit": A Selection of Hot Topics from the RBC Crypto Forum

RBK-crypto12/09 17:20

Pump and Dump? Bitcoin and Ethereum Long-Short Squeeze, Direction to Be Decided Tonight! Best Time to Layout Altcoins: ZEC, FARTCOIN, TON Back to $8?

The cryptocurrency market is currently experiencing high volatility with significant liquidations, as Bitcoin and Ethereum remain in key consolidation zones. Over $204 million was liquidated in 24 hours, affecting over 87,000 traders. Bitcoin has been trading sideways since November 21st around $80,600, with a tightening Bollinger Band suggesting an imminent breakout. A move above $92,600 could signal a rally toward $94,185 and $96,012, while a drop below $87,600 may lead to a decline below $80,600. Post-Fed rate decision volatility is expected, and a "sell the news" scenario is possible. Ethereum continues to trade within a large range between $4,146 and $3,011. Key resistance lies at $3,138 and $3,260, while support levels are $3,050, $2,980, and $2,900. A bounce from $3,050–$3,020 could present a buying opportunity. The article emphasizes that fundamentals drive long-term trends, while technicals reflect market sentiment. Messaging and news only cause short-term fluctuations. Examples like SUI and HYPE show steady growth, whereas TON struggles despite positive news due to underlying issues. Several risky tokens have recently been listed, often a sign of low liquidity and potential market manipulation. Traders should be cautious. Two altcoins are highlighted: ZEC, which saw a 20% pump and is now above $400—consider taking partial gains; and FARTCOIN, which presents a buying opportunity in the $0.36–0.38 range with a stop loss at $0.342, targeting $0.55 upon breaking $0.42.

金色财经12/09 07:12

Pump and Dump? Bitcoin and Ethereum Long-Short Squeeze, Direction to Be Decided Tonight! Best Time to Layout Altcoins: ZEC, FARTCOIN, TON Back to $8?

金色财经12/09 07:12

活动图片