#市场调整後的机会？ In the current cryptocurrency market, a rather unique market situation is emerging. When Bitcoin rises, altcoins fall; when Bitcoin falls, altcoins continue to fall. This has become a true reflection of the market in recent days. However, there is no need to be overly anxious. As long as Bitcoin does not return to the $30,000 level, this round of market activity is unlikely to end. At this point in time, it is just that the explosion period for altcoins has not yet arrived.
Looking back at last month, after Bitcoin broke through $90,000, it has been creating new highs every day. At that time, altcoins did not want to rise, but were waiting for Bitcoin to break the market cap ceiling. So, when Bitcoin reached $100,000, altcoins collectively took off, with many altcoins surpassing their previous highs from March this year. This wave of market activity also has similarities; although Bitcoin broke through $108,000 last night, it is not an integer milestone, and such new highs have become commonplace in the market, to the extent that it couldn't even trend on hot searches. It can be anticipated that in the upcoming market, only by breaking through significant thresholds like $110,000 and $120,000 can we stimulate the enthusiasm of retail and altcoin investors.
From the data on BTC spot ETFs, the situation is still relatively good. However, in the past 24 hours, there have been two distinct trends. On one hand, BlackRock maintains strong buying power; on the other hand, Fidelity, ARK, and Bitwise have shown significant selling behavior. The reason for the selling is quite simple, mainly due to risk aversion ahead of today's interest rate meeting. This topic has been mentioned several times in the past two days, so I won't elaborate further.
Overall, although the current cryptocurrency market situation is complex and volatile, it is not entirely without rules. Investors need to remain calm and closely monitor market dynamics in order to make the right decisions at the appropriate time.
