Why haven't there been waterfalls in the shanzhai? Is it just a partial decline, and some have even risen? I think this question is difficult to answer. One is that the answer is biased towards hindsight, and the other is that even hindsight may be overturned later But the reason for Bitcoin's decline is clear, which is due to a decrease in the market's expectations for future liquidity (tax on tax) by some funds. In addition, the liquidity of Bitcoin is different from that of altcoins.