Analyst: This recent crash may be a "cycle-ending event," and many altcoin projects may never recover from this failure.

BlockBeats News, October 11th, DeFiance Capital researcher Kyle posted on social media, saying that based on the current market sentiment, the last time such a situation occurred was during the FTX or Celsius collapse. This recent plunge is basically a "cycle-ending level event," but this time BTC and ETH surprisingly held strong. The evolution of the crypto industry is indeed amazing, but altcoins are clearly repeating the same tragedy—even though I have repeatedly warned over the past few months, I never thought it would be this brutal.

In any case, now is not the "best" time to buy the dip, but it is definitely the "should" buy the dip moment. Extreme panic has already been unleashed, and the market is building a bottom, although there may still be room for further decline. Looking ahead, we are definitely closer to the bottom than to the top. Asset selection is crucial at the moment, as many projects may never recover.