Recently, a batch of highly popular altcoins has experienced a significant decline in price.

Many tokens have fallen and almost no rebound is possible, indicating that short-term funds are gradually withdrawing from the altcoin market and flowing back into Bitcoin, the main asset.

It has been mentioned before that this round of altcoin hype is mostly driven by speculation, and the fundamental logic has long been apparent.
As various thematic stimuli gradually weaken, the overall small-cap coins will tend to weaken.
Although there was some capital manipulation in the early stage, the tactics were relatively low-key;
by the later stage, the controlling funds began to concentrate on pushing prices up, and market FOMO was driven to extreme levels.
The risk of various altcoins exploding at high levels and suddenly collapsing has significantly increased.

For popular projects like RAVE, the short-term surge is extremely exaggerated.
They lack solid fundamentals and real application scenarios, mainly relying on high lock-up and artificial control to boost prices, and the trend has already deviated seriously from normal logic.
Once subsequent buying cannot keep up, a sharp reversal and rapid correction at high levels are almost inevitable.

Funds flowing back from altcoins to Bitcoin will also push mainstream coins to move in a clearer direction.
Currently, Bitcoin is at a critical support/resistance zone, and as long as it can volume up again and hold above key levels, it is expected to challenge 80k.

This level is also a key defense point for the bears.
Once a true breakthrough occurs, market sentiment will significantly warm up, and short positions are likely to be forced to cut losses and withdraw passively, leading the market into a new rally.

Now, the price is oscillating around 78,000, which looks more like the main force intentionally shaking out and quietly accumulating at low levels.
Once the buildup is complete, the possibility of breaking through 80k to the upside is very high.