The current Bitcoin is both loved and hated!

We can clearly observe a trend, which is that the big players are consolidating funds to prepare for a full-on assault on Bitcoin.

We analyzed this before the decline of small coins yesterday, as Bitcoin begins to drain liquidity from altcoins to build momentum for the next market run. Therefore, Bitcoin may drop but even rise at times, while small coins have had quite a correction, which is a normal phenomenon, commonly seen in the early stages of a breakout. Regardless of whether there is a correction or not, Wall Street ETFs are increasing their positions daily, buying up the chips shaken off by retail investors.

In contrast, the end phase of a market is quite the opposite: Bitcoin is weak, but altcoins and meme coins surge wildly, which represents a reverse draining of Bitcoin—this indicates the end of the market.

As I mentioned yesterday, many small coins have not broken their previous highs, so how can we talk about a market terminator?

The cryptocurrency bull market has only just started to rise for one month in November; there’s no need to rush for results, as there is still a long way to go. I am looking forward to 2025. How about you?