Altcoins collapsed back to pre-liberation levels last night! In the past day, there was a significant drop in volume, clearly indicating that funds are rushing towards Bitcoin and Ethereum, or are staying on the sidelines. Recently, the meme coins, L2 scaling, and AI concepts that were being traded have all plunged from high levels, and market sentiment is as cold as ice. If Bitcoin breaks below 103,000 and Ethereum breaks below 2,480 in the short term, altcoins will likely follow the crash. Currently, there is no new capital entering the market (like large purchases of stablecoins), and the panic sentiment has not eased. It is advisable not to be overly aggressive; holding light positions or staying out of the market is the safest approach.

In the medium term, if funds flow back as U.S. Treasury bonds mature in late June, combined with Ethereum stabilizing, exchanges may aggressively promote leading L1 and L2 tokens, potentially creating short-term rebound opportunities. After this drop, keep an eye on the ONDO token! It is the token of Ondo Finance, which focuses on bringing real assets on-chain (RWA), and it has been trying to recover while the market declines. Previously, WLFI spent $250,000 to buy 134,000 ONDO tokens, directly pushing it to a historical high of $2.14, but after the market crashed, it fell to $0.60 to $0.70 at the beginning of 2024. After the market warmed up at the end of April, it rose to over $0.85, breaking the downtrend, peaking in May at $1.13, but has since declined again, though it started to rise again last week, reaching $0.92 on Wednesday.

On the technical side, ONDO has dropped to the lower edge of its channel and created higher lows. Some analysts believe it is repeating last year's bullish fractal, and if the trend continues, the target price could be aimed at $2.80 to $3.00.

I've already prepared for the next big market movement, ready to help you easily hold a full position and profit!