From the data, it appears that during this recent Bitcoin decline, those holding less than 10 Bitcoins began to sell some, while those holding more than 10 were "picking up bargains." This indicates that short-term investors became somewhat panicked after the price of Bitcoin dropped, while those planning to hold for the long term remained relatively calm, with some large holders even buying in at low prices.

Now, the veteran players holding large amounts of Bitcoin are watching the situation unfold, but those heavily invested in altcoins are starting to "give up." This is also the reason I have consistently emphasized the need to control altcoin positions, because during periods of significant market volatility, being heavily invested in altcoins can easily lead to psychological collapse.

Next, we need to pay special attention to the U.S. non-farm payroll data to be released on Friday, as it will affect market sentiment and price trends. This recent decline may be a reaction to concerns over the non-farm data. If the data shows an increase in unemployment and poor job conditions, the Federal Reserve may consider cutting interest rates, which would impact the market.#加密市场回调