The cryptocurrency market has recently undergone a significant adjustment, particularly in the altcoin sector. From the perspective of market capitalization and exchange rates, this pullback does not seem as severe as it appears on the surface, and in fact, it has merely returned to the high levels of May this year.

Looking back at history, we can find that before the last round of altcoin market surge, the market experienced a prolonged 400-day period of low-level fluctuations. This reminds us of the importance of patience in cryptocurrency investment.

It is worth noting that although the exchange rates of altcoins may have bottomed out, this does not mean that a price increase will occur immediately. Even during the last altcoin bull market, there were instances of sudden drops in exchange rates, which could be a natural adjustment mechanism of the market.

For traders, trading in the short term with U-based (i.e., pegged to stablecoins) may face challenges. This market condition may actually be intentional, aiming to attract more investors when the conditions are ripe, thus preparing for a potential upward trend in the future.

Overall, the volatility of the encryption currency market remains high, and investors need to stay vigilant and patient. This adjustment in the market may pave the way for future growth, but it also reminds us to be cautious about short-term market fluctuations.