Last night, the CPI inflation was generally lower than expected, but soon bad news came from the Middle East, and the market immediately turned bearish. The US-Iran nuclear negotiations have basically collapsed, and Israel has informed the US that it plans to strike Iran's nuclear facilities. The US expects Iran may retaliate against American military bases in Iraq. It looks like a major Middle Eastern conflict 2.0 is coming again, which is also the main reason for the market correction last night.
Altcoins have also been in a general decline from last night to today, but ETH has performed well, with ETF inflows reaching 240 million, which should be a record, higher than the 160 million inflow for Bitcoin ETF last night. It seems that institutions are becoming increasingly interested in ETH. The ETH/BTC exchange rate is still on an upward trend, which for the altcoin leader means that as long as the overall market rises again, there is still hope for an altcoin bull market.
Current altcoins are too sensitive; as soon as the overall market slightly adjusts, they follow with declines. Previously popular mainstream coins are now not looked at by large funds. People who used to trade these mainstream coins have now moved to on-chain activities. It turns out that the current on-chain memes are fundamentally not much different from those mainstream coins; they just have the packaging removed.
Therefore, this round of altcoin rally has actually passed more than half. There have been new things like popular coins, AI tool coins, and inscriptions that have seen increases of a hundredfold or even a thousandfold.
Conversely, many of those once-glorious old coins on exchanges may never recover. This is why I have been advising friends who stubbornly hold onto small coins to quickly change their holdings. Rather than waiting for a slim chance of these small coins turning around, it’s better to consolidate funds and only buy leaders in various fields, like Pepe or Aave.
Learn to think like large institutions and turn project quality into measurable standards. Playing with small coins is inherently a high-risk, high-reward activity.
In the past year, even the best coins in various fields rarely outperformed Bitcoin. I see the future opportunities for small coins lie in projects that can bring extremely high returns. Of course, the main positions still have to be in Bitcoin.
In short, this round of market activity does not plan to touch most old coins anymore. Just focus on which sectors are hot, have traffic, and buy the respective sector leaders.
Additionally, don't worry about the market not being able to rise without interest rate cuts; instead, worry about sustainability.
Brothers, come quickly to the chat room!