It’s dropping so quickly and so deeply. Without major news triggers, such as the clear passage of the US crypto legislation, it’s estimated that it would consolidate at 60,000-70,000 for a long time. After all, there are so many trapped positions above and so many people bottom-fishing. Only gradual bottoming out is possible. Actually, I don’t care at all whether the mainstream assets rise or fall. The current Bitcoin, Ethereum, and altcoins are completely two different concepts. I just hope that during Bitcoin’s consolidation at low levels, altcoins can show some performance. After all, previously Bitcoin was sucking liquidity and I was afraid it might suddenly swing and crash, so altcoins kept declining and didn’t dare to rise. The fear of a bear market will motivate project teams to actively market-making, because if they don’t push prices up, there might really be no chance to offload. As long as most project teams think and act this way, altcoins will have profit-making effects. As long as retail investors see the hope of breaking even, they will even take out loans to buy in, creating a siphoning effect on liquidity. This is my bullish logic on altcoins. Just my personal opinion, friendly exchange!