BTC Bitcoin has fallen as a means to scare off retail investors, clear leverage, and cleanse the bubble.
Now relying solely on BTC's performance to judge altcoins is inappropriate; this round of Bitcoin's mid-term correction is reasonable, while the altcoin correction is unreasonable.
In the past week, ETF data has accelerated inflows, with BlackRock holding 391,484 coins, and over 20,000 coins inflowing in a week, while Grayscale has also turned to inflows exceeding outflows.
I was quite surprised at first, just like the decline in chain games, but timely adjustments are fine; altcoins cannot be bought solely. From both a short-term and long-term perspective, Bitcoin is unlikely to correct to the lows of a few months ago.
