Yesterday, the market experienced a sharp decline, with Bitcoin's lowest price dropping to around $91,231, a daily drop of about 10%. Ethereum's pullback was even more exaggerated, with its lowest price falling to $2,125, resulting in a 24-hour drop of about 27%. As for altcoins, there's no need to look; some coins have already fallen below their yearly lows. With this recent pullback, most altcoins have seen a market cap decline of over 50%, making the anticipated altcoin season seem distant. The reason is simple: the positions in altcoins are still too heavy. The proportion of mainstream coins held by everyone is very low, and the significant pullback of Ethereum, the benchmark for altcoins, has led to varying degrees of halving in the altcoin market. During yesterday's market drop, the liquidation amount exceeded $2 billion within 24 hours, effectively clearing out the bulls in the market.

After Trump took office, many people fantasized about an imminent peak bull market, but don't forget that Trump is also a big capitalist. He won't let everyone make money for no reason. Like other capitalists, he will definitely accumulate positions heavily before pushing the market up, forcing retail investors to hand over their chips before continuing to pump the market. Just a day after the sharp drop, Trump announced an agreement with the Mexican president to immediately suspend the expected tariffs for a month. Subsequently, Trump also spoke with the Canadian Prime Minister and decided to suspend tariffs on Canada for at least 30 days. Meanwhile, Federal Reserve's Bostic indicated a readiness to wait for a while before lowering interest rates. This basically implies that the U.S. will continue to lower interest rates in the coming period, which is also favorable for the market ahead.

From this series of actions, it is clear that this round of market decline is obviously being manipulated by Trump. From the president issuing coins to the first lady issuing coins, then to family members issuing coins, and then to tariffs triggering a market crash, in less than a month, a significant harvest was completed for retail investors in the crypto space. Utilizing his presidential position, he effortlessly gained hundreds of billions of dollars in profits in a short time. Looking at the entire crypto space, no one dares to claim second place in terms of harvesting speed after Trump. However, on the other hand, after Trump's consortium has accumulated enough chips, the market will still head towards a bull market peak because the ultimate goal remains to harvest retail investors. But currently, market sentiment is very low, and pumping the market is the best way to attract retail investors, so the outlook for the market remains optimistic. Yesterday, the old dog also helped friends in the group with positions to increase their holdings. At this stage, 90% of people are in a state of being trapped; there's no need to worry, just lie flat. A significant rise is still ahead.

In the last 24 hours, over 3,000 Bitcoins have flowed out of exchanges,

and

over 200,000 Ethereums have flowed out of exchanges. It is evident that after yesterday's decline, the dog traders have collected a lot of chips again.

During yesterday's drop, many people faced liquidation, and many accounts saw a sharp decline in their balances, with many shouting that the bull market is over. Despair about the market has been rising and falling. Although the larger cycle is nearing completion, the market has still not reached its peak, so being trapped at this stage is not a problem; just continue to hold. As seasoned retail investors in the crypto space, we have seen all kinds of storms. As long as the spot you hold is not too trashy and does not face delisting risks, there are still opportunities in the market ahead!

That's all for today. Thank you all for your long-term support of the old dog. If you have any questions, feel free to leave a message in the comments~

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