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

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 booms of 2020-21 as well as the current meme coin craze have all led to continued losses for retail investors. Woo believes that retail investors may have already realized the high-risk nature of the altcoin market. Although altcoins may still rebound after each Bitcoin surge, overall, the strength of the altcoin cycle is gradually weakening, and the altcoin market is more like a casino where the house always wins.