Bitcoin is unafraid of spikes, BNB takes action!

The market is still quite crazy, yesterday the South Korean president urgently issued a state of emergency, deploying troops to occupy the parliament, triggering large-scale protests from the public. This led to panic in market sentiment, with Upbit's BTC price spiking down to $63,000, while XRP also saw its price cut in half. Nevertheless, South Korea's cryptocurrency trading market still holds a significant share, which contributed to the overall market decline. However, if we look at this spike, the drop triggered by such news does not reflect the actual demand of the market itself. In the altcoin market, older coins from 2017 are currently leading, with funds and attention concentrated on BNB and TRX, both of which set new historical highs today. TRX reached a peak of $0.45, while BNB hit $774. There's speculation that this may be related to CZ selling Binance's equity, and the Trump administration has opened the IPO listing channel for cryptocurrency companies, with Binance US likely being included. Binance is preparing to introduce strategic investors, potentially involving national entities from Abu Dhabi or Dubai. It's believed that CZ will choose a strong consortium to take over BNB's equity. If this is indeed the case, then BNB can be held for the long term, at least partially. As for Sun's TRX project, caution is still advised, as Sun might dump the price himself; one should not heavily invest or be greedy; if profits are made, one should run.

I filtered through the spot trading pairs on Binance for coins listed 18 years ago, specifically from the previous cycle. I looked at a few with relatively small price increases: $storj for a storage rotation, could be a good entry; $req is the least increased in the payment sector, but has lower volume; $gas's volume is noticeably less than last year's events; $AST shows decent weekly volume, with a low market cap; $BNT has average volume; $NULS had a rally in August, needs to take it slow, volume hasn't picked up; $KNC also lacks sufficient volume; $LSK looks alright on the monthly chart, showing divergence. Currently, the overall market seems to have entered an altcoin phase, with daily increases of 20-30 points being quite common, which is definitely indicative of a bull market. The altcoin season is here, and this trend can continue, so holding coins in anticipation of a rise, especially those that haven't increased much, is advisable. However, such a crazy market often accumulates risks; while the mainstream rise of Bitcoin may not be fearful, the chaotic movements in altcoins signal that the bull market is in its later stages, making it necessary to gradually reduce positions on spikes.