The big coin rises, the altcoins fall! The big coin falls, and the altcoins continue to fall! This is the true reflection of the market in recent days, but everyone really doesn't need to be too nervous. As long as the big coin doesn't return to 30,000 points, this round of market will definitely not end. The current time point is just not the outbreak period for altcoins.

This wave is similar to last month's situation when the big coin broke 90,000 and set new highs every day. The altcoins are not unwilling to rise, but are waiting for the big coin to break through the market cap ceiling. Therefore, after Bitcoin reached 100,000 last month, the altcoins collectively took off, and many altcoins broke through their previous highs from March of this year. This wave of the market is also the same. Although the big coin broke 108,000 last night, it is not an integer threshold. This new high has already become a norm in the market, and it didn't even make it to the hot search. The upcoming market can only ignite the enthusiasm of retail investors and altcoin funds by breaking through major levels like 110,000 and 120,000.

Currently, the data for BTC spot ETFs is still good, but in the past 24 hours, there have been two contrasting trends. One is that BlackRock maintains strong purchasing power, while the other is that Fidelity, ARK, and Bitwise have shown clear selling. The reason for the sell-off is simple: it’s a hedge against today's interest rate meeting. This topic has been discussed many times in the last two days, so I won't elaborate further. What’s interesting is that right now, when the risk-averse sentiment is so evident, only investors from BlackRock and Grayscale are buying in without hesitation, even though there is a possibility of falling into liquidity issues and a retreat in FOMO sentiment, both parties have shown recognition for BTC and ETH.

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