Bitcoin has followed the US stock market and has dropped below the 100k mark. Currently, it is mainly in a phase of fluctuation and adjustment. However, the performance of altcoins on CEX has been quite poor, as they fail to keep up when the market rises and drop significantly when it falls.

In contrast, on-chain AI projects are emerging with various gameplay every day; this is the trend. Once the trend of AI opens up, it will not end easily; this is just the beginning. As more infrastructure comes into play, there are still exciting developments ahead. If you haven't participated yet, there's no rush; there will be plenty of opportunities. However, when making moves, be sure to manage your positions well, as it's easy to lose everything with one wrong step.

Here are today's key points:

1. Binance will launch U-based perpetual contracts for COOKIE, ALCH, and SWARMS, with a maximum leverage of 75 times. These three have good quality, but the launch of contracts on Binance typically signals a short-term adjustment.

2. Currently, DEX has reached 20% of CEX, hitting an all-time high. Let's return to on-chain, folks.

3. On-chain AI is undergoing an overall correction, but some sectors are strengthening, such as DeFi + AI projects like NEUR, GRIFT, and BUZZ. These are the targets recognized by large funds after the framework.

4. Many RUG pulls occurred yesterday, such as MPXL, where someone used an official project to release unofficial altcoins. For example, MONICA, which after launch, the dev directly cleared out all holdings with one click, and then that was it. There are various risks on-chain, so everyone must be cautious.

5. MAX has been FOMO'd by everyone. No-code platform types are currently undervalued by the market, such as ALCH, so let’s see if the market discovers them later.

3. The drop in the US stock market has dragged down the overall crypto market, and altcoins on CEX are faring worse. The bull market is on-chain, where all attention and funds are focused, so the altcoins on CEX are collectively capitulating along with Bitcoin's overall market, which is quite tragic. #加密市场回调 #本轮牛市周期预期