Recently, a wave of highly popular scam coins has collectively cooled down, and the market has experienced a significant pullback, with many tokens remaining weak and unable to rebound after falling.

This clearly indicates that short-term hot money in the market is gradually withdrawing from the scam coins, and funds are starting to flow back into Bitcoin's main line.

It has long been emphasized that this wave of scam coin hype was driven by emotional speculation, with weak intrinsic support, and now the fundamental logic has gradually been realized.
As various themes lose popularity and positive news is digested, small-scale scam coins will generally become more and more weak.

Initially, the controlling funds operated relatively restrained and low-key, but later they began to aggressively pump the market, pushing market sentiment to its peak,
which also directly amplified the risks of high-level crashes and project explosions, making the risk of scam coins plunging from high levels visibly imminent.

Take popular coins like RAVE as an example, their short-term surge is extremely unreasonable, lacking solid fundamentals or real practical applications,
completely relying on high lock-up and artificial market manipulation to force prices up, with the trend already diverging from reasonable valuation logic.
Once the buying momentum cannot keep up and there are no follow-up buyers, a sharp drop from high levels and deep corrections are inevitable.

Funds abandoning scam coins and flowing back into mainstream BTC will also help the overall market trend of major cryptocurrencies become clearer.
Currently, Bitcoin is stuck at a critical support and resistance level; as long as trading volume increases and it stabilizes above key support levels, breaking through the 80k mark is highly probable.

This price level is also an important defensive line for the bears; once effectively broken, the overall market sentiment will fully recover,
short positions will be forced to cut losses and exit, and a new upward cycle will naturally begin.

Currently, the price is oscillating around 78,000, which is essentially a deliberate range washout by the main players, quietly accumulating positions at low levels.
After sufficient accumulation, a breakthrough of the 80k level is highly likely. $BTC $ETH #Gate13周年现场直击