🚀Good afternoon, brothers. The market is falling sharply.

Yesterday, a single comment from Powell overturned the market, hinting at uncertainty about interest rate cuts in December, which brought negative news. At the same time, Nvidia's market value surpassed $5 trillion, exceeding the total value of global cryptocurrencies; projects in the crypto space opened below their initial prices, with an average loss of 10%, and one even lost 70%. Altcoins have fallen below the levels after FTX's collapse, with trading volume down 32% year-on-year, while global stocks and gold are hitting all-time highs.

The problem is that the crypto space lacks real technological barriers and commercial value, many altcoins are just blowing concepts, with no revenue and no profit, leading to inflated market values. On-chain data shows that BTC is leaving exchanges, and stablecoins are temporarily stable.

Operational suggestions:

Focus on holding $BTC primarily, with some allocation to gold.

For altcoin positions exceeding 10%, switch to BTC.

You can pay attention to tokens with profitability, such as $HYPE , $BNB , as the fee buyback is still very strong.

In simple terms: the crypto market is falling, key assets remain stable, reduce altcoin positions, and seek profitable targets.