BTC ETH On July 2nd, I reminded everyone that the big bull run in the U.S. stock market might be coming to an end. If you still don’t understand the logic, I suggest taking some time to think it through again. SanDisk, Micron, SPACE, and SK Hynix—these four star stocks have dropped the hardest. Plus, these four have wiped out countless die-hard bulls in the crypto space because their trading volume and holdings in the crypto market are consistently among the top ten. If you add gold, silver, and SP500 trading pairs, non-crypto trading pairs occupy 7 out of the top 15 holdings. And then there’s crude oil trading pairs. Doesn’t that sound terrifying? This is exactly what I’ve been saying about the harm stock trading brings to the liquidity of altcoins in the crypto space. Of course, this needs to be viewed dialectically. For those still holding a large amount of altcoin spot positions, this is a fatal blow, as it means the already weak altcoin market will completely lose the hope of a bull run that some people are still fantasizing about. For traders, however, this is actually a good thing because these star stocks are much easier to trade than altcoins. So, if you’re still hoping to buy a bunch of altcoins and dreaming of a 2020-style altcoin bull run, it’s best to give up on that idea. The fundamentals of the crypto market have undergone a massive transformation, and there’s no chance for an altcoin bull run to kick off anymore.