Recently, funds in the cryptocurrency industry have been continuously flowing out. My intuitive feeling is that liquidity is too poor. Many major players around me are transferring their funds to silver, lithium carbonate, and both A-shares and U.S. stocks. Therefore, in the short term, Bitcoin has not truly completed its bottoming.

Altcoins are no longer worth watching; the damage caused by 1011 to the market is too great. A conservative estimate puts the losses at 20 billion USD, mostly from launching altcoin contracts or collateralizing altcoins to borrow USDT. Many people have even fallen back into poverty overnight.

As the old saying goes, play less with altcoins, and definitely avoid touching altcoin contracts. If you must play, focus on the hotspots of each round, and as soon as you make a profit, immediately convert it into Bitcoin or oil. Never get attached to a battle, or you risk losing your principal.