The altcoins have been falling almost all day, but the price of Bitcoin remains steadily above 90,000. It seems that the altcoins have turned from a bull market, while Bitcoin is still swaying at a high level. This kind of market differentiation has been rare in the past, indicating that making money in the crypto space is becoming increasingly difficult. Those newly launched altcoins have seen old holders fleeing, leaving us, the ones who pick up the pieces, truly in a difficult situation. In the future, we need to be cautious when bottom-fishing for altcoins and not buy too much.

When the market is plunging sharply, there was news that the U.S. government could sell the 69,000 Bitcoins seized from Silk Road, worth about 6.5 billion dollars. But it seems this news had been around before; I remember when the German government sold coins, if they really wanted to sell, they would quietly seek big buyers, not loudly announce it for everyone to know.