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The Ethereum Classic (ETC) market is at a delicate turning point. Currently, there is a pressing need for fresh blood to be injected into the market, as long-term holders have already made considerable profits, and continuing to rely on them to drive the market forward may pose risks.
The market is undergoing a phase of transition between the old and the new. Old investors are gradually reducing their positions to make room for newcomers. This shift is necessary because a healthy market requires a balance of bullish and bearish forces. Previously, the market was too one-sided, with bulls in dominance while bears had little advantage.
Now, the situation is starting to change. The market is no longer in a stable state, which creates conditions for new opportunities. We are about to enter a period of intense confrontation between bulls and bears, and this competition will bring new vitality and dynamics to the market.
For new investors, this is a good time for a bold attempt. However, it is also important to keep in mind the uncertainty of the market; there is no such thing as permanent certainty. If the market adjustment at this stage cannot attract enough new investors, it may face greater selling pressure.
Overall, the ETC market is at a critical crossroads. The alternation of new and old investors, along with the rebalancing of bullish and bearish forces, will determine the future direction of the market. This is a period filled with opportunities and challenges, requiring investors to remain vigilant while also having the courage to seize opportunities.