#BTC# Under the influence of macroeconomic factors, the price of BTC is further under pressure, briefly reaching a low level in nearly two months. The US labor market continues to perform strongly, and the minutes of the Federal Reserve meeting suggest a pause in interest rate cuts, with the market generally believing that the US will not cut interest rates again in the first half of the year. Non-farm data from the United States will be released later today, and Fluctuation may continue to intensify.

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From the futures market perspective, this wave dropped from $100,000 to $91,000, and a large number of long positions were liquidated. The capital inflow into the cryptocurrency market has decreased by 49% in the past month, and spot ETFs are also experiencing outflows.
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During this wave of decline, short-term holders also panic sold, with about 23,200 BTC transferred to the exchange for sale at a loss.
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BTC has only experienced one fluctuation, and many people are shouting that the bull market is over again. The US government has been ruled by a judge to allow the sale of nearly 70,000 BTC seized from the Silk Road, further exacerbating the pessimistic sentiment. Some media outlets have falsely exaggerated the report, but in fact, the US government is not currently selling BTC.
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With the decline of BTC, the altcoin market is even more dismal. According to Santiment, the total number of active wallet addresses in the past 30 days has been in a state of loss. In other words, the current holding prices of most investors in the market are higher than the current price, reflecting an overall loss in the market. When the sentiment in the altcoin market is generally pessimistic, it is the right time to enter and lay out positions. It is when everyone is fearful and generally believes that there is no altcoin season in this round, that a mature investor shows greed. 🧟🏃‍♂️
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