Whether for institutions or individual investors, it is important to remain vigilant in the face of this round of altcoin market. On one hand, attention should be paid to changes in capital flow in the market, such as key indicators like on-chain token transfer data; on the other hand, it is also necessary to guard against the risk of a pullback after short-term gains, especially as the capital movements of leading projects may become an important barometer for subsequent market trends.

The driving force behind the counterfeit season is the influx of large amounts of liquidity into the market.