Willy Woo: The altcoin cycle is gradually weakening, and retail losses may trigger a change in mentality

ChainCatcher news, crypto analyst Willy Woo stated that the current altcoin cycle is significantly different from previous ones, marking the third large-scale loss for retail investors since 2017. The DeFi and NFT waves of 2020-2021, along with the current meme coin craze, have continuously harmed retail investors.

Woo believes that retail investors may have realized the high-risk nature of the altcoin market. Although altcoins may still rebound after each Bitcoin rise, overall, the intensity of the altcoin cycle is gradually weakening, and the altcoin market resembles a casino where the house will eventually win.