Watching altcoins fall back to square one!!
The market is so quiet that even the pumpers can't be bothered to put on a show. This fits the narrative, bringing those worthless coins, scam coins, and trend-following coins back to their true forms.
Currently, Bitcoin is being hoarded like gold by institutions, but exchanges are struggling to handle the pressure of spot withdrawals, and most altcoins have fallen to the point where even their mothers wouldn't recognize them.
(However, protocols like UNI and CRV that are genuinely useful are quietly building a bottom.)
What we need to pay attention to now is to stay away from those flashy new coins, focus on the weekly charts of a few established value coins, and wait for the outcome of the showdown between Bitcoin and the exchanges. The bear market is the time to test the true value; when the tide goes out, we will see who is swimming naked.