Bitcoin goes up, altcoins do not follow; Bitcoin goes down, altcoins do not follow much either. Recently, many altcoins have begun to emerge, especially established coins like ADA, CRV, XRP, HBAR, and IOTA. In fact, this is a phase of 'bloodletting'. Bitcoin is consolidating at a high level, and liquidity will gradually flow towards the second largest and altcoins.

Currently, there isn’t much to say about Bitcoin; the position is relatively high, and as long as there is a pullback, one can boldly go long. After all, the major support level is there, and MicroStrategy's cost is around 88k, having invested another 1.5 billion dollars near 95k the day before yesterday.

Now, most of what everyone is focusing on should be altcoins. I'll share my thoughts here; one obvious signal is that last Friday the inflow of ETFs for the second largest surpassed that of Bitcoin. Bitcoin is getting more expensive, only institutions can play with it, so everyone's target is on the second largest, $ETH. If the second largest is strong, the altcoins will be even stronger. Moreover, altcoins will also launch ETFs next year, and currently, the most promising seems to be SOL.