BTC ETH On June 2nd, I reminded everyone that the big bull run in the US stock market might be coming to an end soon. If you still don’t understand the logic, I suggest you think it over again and again. SanDisk, Micron, SPACE, and SK Hynix—these four star stocks have dropped the hardest. And these four have liquidated countless die-hard bulls in the crypto space because their trading volume and holdings in the crypto market are basically in the top 10. If you add gold, silver, and SP500 trading pairs, 7 out of the top 15 largest holdings are non-crypto trading pairs. And then there’s the crude oil trading pair. Doesn’t that sound terrifying? This is exactly what I’ve been saying about the harm that stock trading entering the crypto space brings to the liquidity of altcoins. Of course, this needs to be viewed dialectically. For those still holding a large amount of altcoin spot positions, this is a fatal blow because it means the already weak altcoin market will completely lose the "altcoin bull run" that some people are still fantasizing about. But for traders, 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 dream of a 2020-style altcoin bull run, it’s best to give up on that idea. The fundamentals of the crypto market have undergone earth-shattering changes, and there’s no longer any possibility of an altcoin bull run starting.