On the last day of April, reflecting on this month, the old head "Guan Shii Big Stick"'s raid directly sent the pancake down to the low point of 74500. The H y market saw both longs and shorts experiencing liquidation, while altcoins fluctuated, and the unlocking of many varieties also triggered selling pressure. The risk of project delisting is high, and everyone remains on edge. The pancake starting with the number 7 became a turning point in the market, and under the dual influence of Zheng ce and market sentiment, the pancake began a strong rebound. After a key resistance level at 85000 experienced a 10-day period of consolidation, the bulls made a strong push to break through, soaring to the 95700 level, and the current market has once again entered a phase of sideways consolidation.

It is worth noting that during this period, institutions like BlackRock, Fidelity, ARK Invest, and MicroStrategy continued to significantly increase their holdings, contrasting sharply with retail investors' panic selling and exit, highlighting the harsh essence of the market's "institution accumulation, retail exit" brutal game. The old head's influence on the market can be aptly described as "success and failure are both due to the same factors."