The main declines are primarily in MEME coins and inscription runes.
After a big increase for a month, this adjustment is just temporary. Bitcoin is below 100,000, around 98,000, Ethereum around 3,600, and SOL around 200 has strong support. ORDI has dropped very low again, breaking 30, with strong support around 26, and 20 was just a panic spike. SATS has dropped to 18, with 15 being on par with ORDI levels, and 10 being the bottom of the panic spike.
This round of inscriptions really feels like a trap, with small increases and sharp declines, now hitting the bottom again. In the second half of 2011, the market only exploded in the last month for MEME coins. In the fourth quarter of 2023, MEME coins only got their turn in the last year. Before that, the whole market underwent a mid-cycle adjustment after a rally, similar to this time. Therefore, the Bitcoin ecosystem's inscription runes are set to explode after this mid-term major market adjustment and another bottom probe, and once it explodes, the increase will be no less than MEME, as frenzied as last year's fourth quarter.
Remember, it will only be late, but it will not be absent. #加密市场回调