Every large-scale rise in the market is inseparable from deep washing downwards. Only by forcing most long positions to liquidate can the next round of rally be better initiated. This is because the chips in the hands of the current market makers are too concentrated, so every liquidation is particularly severe. The market for altcoins has returned to the state it was in at the beginning of the last two weeks, constantly wearing down the mentality of retail investors. After experiencing initial profits followed by losses, retail investors are more easily influenced by FOMO emotions, making it easier for them to make mistakes and lose money.

Bitcoin and Ethereum ETFs have been continuously flowing in, which is the only real data. Many believe that the decline in the past two days was due to the emergence of quantum computers, but in fact, there is no relationship between the two. Some also think that Microsoft's failure to purchase Bitcoin is one of the reasons for the decline, after all, Bill Gates has been considering shorting Bitcoin, similar to shorting Tesla, and there is a certain antagonistic relationship between the two.

However, the pace of the times is something no one can stop. The later you get in, the higher the cost of buying. The market makers have already liquidated the necessary positions, and now we just have to wait for the rally.