Data-saving version: Why have Altcoin performed poorly this round? Everyone has overlooked one thing! The excess liquidity in 2021 led to VCs investing in too many VC tokens. As a result, by 2025, there will be too many VC tokens (TGE), creating a VC token surplus. The Federal Reserve did not ease monetary policy in 2025, which led to more selling pressure and less buying pressure for Altcoin in 2025. VC tokens will still be raising funds in 2025, showing growth compared to 2017, but significantly less than in 2021. Therefore, VC coins will not disappear in the next market cycle. Unless macro liquidity is not loose enough, Altcoin/VC coins will not perform as poorly as they did in 2025. twitter.com/blockTVBee/status/...