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Recently, following the rapid rise in oil prices, Bitcoin has pulled back to $79,500 amid a broad sell-off. The market is currently stabilizing around $81,140, but volatility is still ongoing.
What's interesting is that this sell-off isn't just a simple technical correction — the altcoin index is also experiencing similar pressure. Large portfolios seem to be trying to reduce risk, especially as macroeconomic uncertainties persist.
The altcoin index is particularly noteworthy because it is usually the first area affected during such market stress. This movement in oil and other commodity prices indicates a decrease in risk appetite. Some are currently in a waiting position, while others are looking for a dip to buy. How do you view the market after this movement?