BTC has retraced 10,000 points in three days, altcoins are bleeding heavily, but don't panic, it's just a few words from Master Powell, the mid-term bullish logic hasn't changed.
In a bull market, there are often sharp drops, and this is not surprising. Retracements are unrelated to long-term trends; they are aimed at liquidating contracts and high-leverage positions. After clearing out these high-leverage positions, the music will continue, the dance will resume, and the bull will run more healthily, reaching new highs again.
During this period, Bitcoin is leading the pack, while altcoins remain halfway up the hill. This is truly one of the most bizarre bull markets in history. Bitcoin has been continuously reaching new highs, while altcoins are constantly getting cut down, even Ethereum hasn't reached a new high.
This round of the bull market is destined to belong to the old investors, with no connection to newcomers and those who haven't experienced a complete cycle in the crypto space. The entire web3 community is cold and silent, while in the previous three bull markets, major communities had already started showering red envelopes across the screen at this time.
