#BTC资金流动性 Will this wave of market trend directly go into a bear market?

Recently, a clear phenomenon has been observed: the attitude of internet platforms towards cryptocurrency topics is cooling down, and the public opinion environment has visibly changed. Popularity and discussion heat have significantly declined, and market sentiment has also dampened.

**What about the price:**

The recent several months of speculation on changes in foreign exchange policies have finally settled. BTC has rebounded from 84,000 to 88,000. This 4,000 increase, frankly, is just a pause to absorb the previous panic sell-off. The market has been waiting for this shoe to drop, and now it has.

Before mid-October, the market was still bullish, with limited negative factors; after crossing that line, sentiment instantly reversed. Any liquidity drain events afterward were endlessly exaggerated. Plus, the memory of last year’s halving still lingers, so this panic was already digested in advance. Most negative news is out, and with the year-end holidays approaching, there are no new bombs in the short term. Instead, there’s a sense of relief.

The problem is, the process is too painful:

BTC has repeatedly dumped within a week, dropping from 90,000 back to 84,000–85,000, several times, with extreme market conditions playing out daily. Good economic data doesn’t matter; if it needs to be dumped, it will be dumped. This clearly indicates large traders are unwinding leverage and cleaning up contracts. When things finally settle down, we’ll see where the bottom really is.

**Altcoins are even more heartbreaking:**

The market’s violent fluctuations combined with capital withdrawal have resulted in collective project failures:
- Well-known projects have fallen more than 50%, many even halved
- Even projects backed by celebrities hit new lows
- Meme coins, new coin issuance platforms, stablecoin public chains, all collapsing
- ICOs are failing one after another, with fundraising enthusiasm plummeting
- Except for a few good projects that can give early participants 4–5x returns, most are basically waiting to die

**Essentially, this is a process of淘汰 (elimination):**

This round of market activity is accelerating the reshuffling of altcoins—those with real revenue, user base, and clear track records might still turn around. Without these, it’s basically just waiting for the end. The market won’t wait; it will clear out when it’s time.