The big pump of alts this round, to be honest, feels more like a short-lived carnival — it came on strong but dispersed in the blink of an eye. The market environment is poor; this is not a situation where you can just enter a position and make money.

Don't let the big pump over the past two days get to your head.

A big pump for two days and you call it a bull market? Calm down. The fundamentals are still a mess; this wave looks more like a game of hot potato, betting on who can run the fastest.

This is a game of capital, not value discovery.

The logic behind the pump is very clear: ICP, FIL, AR, STRK, DOT, all of these are being operated by the old institutions. Some insiders even revealed that FIL is being manipulated by a certain group, while ZEC is just riding the wave. As for the news? It's all just acting in conjunction with the K-line.

How can I survive?

Now is the trading arena for traders. To make money, you need to find the assets you are familiar with - familiarity means you have experienced at least two cycles of rises and falls with it, or you have some information behind the market. Unfamiliar coins? They are just stepping stones for others.

Three main characteristics of a tailing market:

1. The main upward wave only lasts for three days, the window period is terrifyingly short.
2. The rise rate is abnormal - it's possible to multiply ten times in a day, but doubling in ten days? Difficult.
3. The volatility is severe, and it is difficult for those without a chip foundation to hold on.

There are opportunities in this altcoin market, but it's risky. A stable operation, only doing trades that you understand, is the key to survival.