After the liquidity shortage in 1011, coupled with the draining effect of U.S. Treasury issuance and the Federal Reserve's hawkish statements further pulling market liquidity, Bitcoin and U.S. stocks are bound to decline in sync.

This reflects the Federal Reserve's continued policy inertia of maintaining high interest rates + controlling inflation.

However, from a cyclical perspective, I personally see this as a micro oscillation phase, not a trend reversal.

Once the Treasury stops issuing large amounts of debt, or the Federal Reserve initiates liquidity hedging, BTC will rebound first. However, this round of "liquidity draining" has a greater impact on altcoins because they have a high risk premium and are easily marginalized by funds, so altcoins really struggle to shine and need to first look at Bitcoin's performance.

Just like @Super4DeFi said: the overall liquidity is tight, it's a difficult mode, be cautious yet optimistic, and keep hope.

This is also what I want to say!

The following image is from: @OdailyChina

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