You can short altcoins, but make sure you choose the right ones. LAYER showed resilience against the trend when no one dared to touch it recently. After a period of consolidation, it started to rally. This indicates that it's very likely that the main players have accumulated chips in the bottom range. After all, during the recent period, the altcoin's poor performance made it unlikely for a normal person to hold positions. Assuming the main players have a lot of stock, dumping it is indeed an option. However, in the contract market, some people are shorting, but pulling it up is also an option.
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