A significant drop has occurred, the last major drop before the year ends, and the altcoin bull market is about to begin.

In the past 24 hours, $1.098 billion was liquidated across the entire network, with $816 million in long positions liquidated. According to reports from Jinse Finance and data from Coinglass, in the past 24 hours, $1.098 billion was liquidated across the entire network, with $816 million in long positions. Binance shows that Bitcoin fell to a low of $90,500, currently reported at $97,387.

After this liquidation, altcoins haven't dropped much; on the contrary, Bitcoin has fallen significantly. Previously, every time Bitcoin experienced a large drop, altcoins would drop even more. So why haven't they dropped this time? This indicates that the major players still have confidence in the future of altcoins.

After this significant drop, I believe there won't be any major pullbacks before the end of the year; the altcoin season is truly about to explode.