$BTC The market is about to collapse, altcoins have already dropped by 50% from their peaks. The good thing about Bitcoin is that there are Wall Street big shots buying in; the exchanges dare not crash it, as they fear the Wall Street big shots will withdraw their funds. Without coins, the market would collapse.
Altcoins can be casually crashed; they are controlled by one major holder, with weak consensus and strong manipulation. This aligns with my previous predictions that during Bitcoin's fluctuating decline before dropping to 100,000, altcoins will experience a crazy crash in this phase.
Currently, the market has little volatility and no wealth effect. I expect the Federal Reserve to cut interest rates in September, and long-term traders need to prepare for September. There will definitely be a surge before the rate cut.
