Once again, blood flows like a river; Bitcoin has directly fallen below 92,000, and altcoins are even more unbearable to watch, with the market in a state of wailing. Don't even talk about making money now; even the traders are about to run away, and the whole market is like a stagnant pool of water, with no movement at all. If you ask me, this round of collapse, apart from the recent hacking incidents, the most deceptive are those presidents issuing coins to scam people—The Trump administration is shouting about the 'crypto utopia', but ended up creating the TRUMP coin, which first soared to a market value of 15 billion, only to crash by 60% shortly after. The Melania coin also followed suit, leaving a mess behind. And those projects trying to ride the wave, like WLFI scamming and running away, and SUI public chain with inflated valuations, have burned through their money without leaving a trace.

Now the whole market looks like a mess, with 70 billion dollars in tokens waiting to be unlocked, but everyone is already scared of being scammed. Previously, there were hopes that the altcoin season could turn things around, but in reality, it has all been about trading worthless coins like Dogecoin and PEPE, even the SOL ecosystem, which used to be a leader, has turned into a base for worthless coins. Over 100 million users are just watching the excitement, while their money has been completely drained by Meme coins. To be honest, it might be better now that the market has fallen completely as it can shake off the bubbles, especially for chains like SOL that seem prosperous on the surface. If it truly falls below the bottom, it might force developers to create something meaningful, like usable DeFi or projects that bring real-world assets on-chain.

Don’t be fooled by the current despair; market reshuffling isn’t necessarily a bad thing. Last year, the RWA sector increased by more than seven times, and hardcore projects combining AI with blockchain are also emerging. Rather than expecting Trump to create big dreams, it’s better to wait for this wave of bubbles to be squeezed clean, allowing those projects that only shout slogans and chase trends to disappear. After all, bull markets are born out of downturns; when institutions come in with real money, the ones that survive are the tough characters. What needs to be done now is to hold on and not get cut down by short-term fluctuations. #加密市场回调

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