Currently in the last phase of the bull market with a small pullback, Bitcoin has dropped six to seven points while altcoins have generally fallen by twenty to thirty points; this type of pullback typically occurs 3-4 times during the main upward wave in the later stages of a bull market. Based on past practices and the rhythm of the crypto market, this will likely complete within 1-2 weeks; since the high on December 5th, adjustments have been brewing, and it is estimated that the adjustment will finish in another 3-7 days. After a significant rise, a sharp drop is common. There are currently no substantial changes in the top escaping indicators, and updates are ongoing.

The original text is as follows:

1. Altcoin Prosperity Index (starting from December 2, 2024) has remained above 75 for 5 consecutive days, maintaining the previous view: we are currently in the last phase of this round of the bull market. The first phase of this bull market was the rise from early October 2023 to the end of March 2024; the second phase was a major adjustment from April to September, and the third phase began with the significant rise in October. 2. The third phase is also divided into a main phase where Bitcoin dances alone and small phases of altcoins catching up; October and November were primarily dominated by Bitcoin's solo performance, and from early December, a spiral upward driven by an alternating Bitcoin-altcoin dynamic began. The judgment of a peak around February to April remains, and if it moves slowly, it will be difficult for this peak to last until May, at most until late April; if it moves quickly, around January 20, after Trump takes office, could be the peak around the Chinese New Year. 3. Even if the peak collapses and the bull market ends, it will be difficult for Bitcoin to drop 50% over three months like before, or 80% over a year; Bitcoin will belong to large funds and institutional ETFs on Wall Street, serving as market-making and capital reserve for listed companies and foreign exchange reserves of small to medium-sized countries; wealthy individuals and enterprises will also consider it as an asset for allocation (preserving value and increasing 2-5 times every four years, how attractive). Bitcoin has already distanced itself from new small investors. 4. However, the collapse rhythm of altcoins will be the same as before, or even more severe and deeper; once the downward trend is established, various coins and institutions will definitely sell off altcoins crazily (almost all altcoins are air). A significant portion of these will be converted into Bitcoin for preservation as large funds must also guard against the potential risk of USDT collapsing (even though it is very small). Institutions and old players will definitely hold both Bitcoin and USDT during a bear market (those with strong beliefs may hold only Bitcoin throughout both bull and bear phases, in any case not just holding USDT). Missing out on Bitcoin's long-term explosive growth is also a risk (once sold, there is a risk of missing out due to not buying back in time).