The current total market capitalization of cryptocurrencies is approximately $3.4 trillion, with Bitcoin's market capitalization around $2 trillion. Assuming Bitcoin's price is $200,000, its market capitalization would be about $4 trillion. This requires the Federal Reserve to lower interest rates and inject liquidity to achieve. Until then, it is fortunate that it can remain stable. Without policy stimulus, there is not much upward space, and during downturns, there is a significant chance that altcoins will collapse as well. However, during declines, altcoins will have no bottom, which is why I have always been bearish.