The market continued to fall over the weekend. In fact, this trend is predictable. After all, there was a large outflow of funds from ETFs again on Friday night, which was a huge blow to the market over the weekend.

However, what is more frightening than the market's fall is that the altcoin market can no longer keep pace with Bitcoin. The most typical example is that it follows the decline but not the rise, and Bitcoin sucks blood from the altcoins. In fact, this phenomenon occurred last week, but due to the existence of the#memesector, everyone has somewhat ignored it. This weekend,#memealso experienced a sharp correction, which lifted the last fig leaf of the market. At this time, we clearly realized that no matter how annoying the high FDV is, VC new coins, various old coins that have changed tracks, or the runes and Bitcoin L2 that were hyped up before the halving, they all have no way to get out of the counter-trend under the background of insufficient incremental funds in the market and too many macro uncertainties. The main driving force of this bull market is only the huge amount of incremental self-funding brought by the Bitcoin spot ETF. When the over-the-counter buying of the ETF stagnates, the upward momentum of the market will naturally disappear, and the previous excess gains of various altcoin sectors will naturally have to be spit out. This is also the main reason why the altcoins have not been able to keep up with the market recently. We have always emphasized that even in the bull market, we must reasonably arrange our positions. I think all Bitcoin positions below 80% are unreasonable or even aggressive. I will look at the big whales in the currency market. In fact, they only did one thing right, which is to successfully cross several cycles. The secret to crossing the cycle is actually to hold a large position in Bitcoin and not move. Therefore, with the return of the bull market in the future, we must insist on adjusting our altcoin positions to Bitcoin or other more mainstream and stable assets.