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Why are alts not rising at the moment???
1. Institutional funds dominate, only focusing on ETH
2. Long-term high interest rates combined with violent liquidations at the beginning of the year have left retail investors without money, and now the rally lacks liquidity.
3. I think the wave in May liquidated those who were still shorting, and the strong assets generally rose by 2 to 3 times, perfectly squeezing the short positions. Now, no one is shorting, and there is no fuel for rising. There are not many who dare to short when the alts are at an all-time low.