The recent decline of #加密E姐 may be related to the selling in Mentougou and the drop in the US stock market. Both USDT and USDC are being minted on-chain, and Bitcoin is flowing out of exchanges, while the on-chain data remains healthy, with whales buying on dips.

The supply of Bitcoin on exchanges is decreasing, as an increasing number of listed companies begin to hold Bitcoin, leading to a growing scarcity of Bitcoin.

Bitcoin's hash rate has reached a new high, and mining costs are continuously being advanced. A rising hash rate suggests optimism for future market conditions, while ETH/BTC may continue to hit new lows.

The market is becoming increasingly difficult to navigate, with $MKR $PNUT $DYDX starting to oscillate in a range. Major players have already intervened, making it hard to break new lows, which is suitable for consistently buying near previous lows and strategically selling high and buying low for part of the position. Many other altcoins are struggling to rebound and may continue to follow ETH in breaking new lows. Trading cryptocurrencies now is of hellish difficulty; many coins can't be bought and will keep hitting new lows. Only those with full circulation or deflationary characteristics can recover even with poor buying prices, and long-term holding does not cause concern. Those with high inflation will only keep hitting new lows, and if one fails to sell well even once, they face losses exceeding 90%, nearly zeroing out. Choosing the right coins is crucial; we still have profits up to now, yet many people's funds have already been halved. However, I have been trading cryptocurrencies, and dozens of points definitely won't satisfy me. High risk means needing to achieve high profits before fully exiting the market; otherwise, I can only partially sell high and buy low. Currently, Bitcoin has dropped below, and it may not be the bottom yet, but it is very close to the bottom. Patience is required.