#BTC Recent hype around knockoff coins is either experiencing a significant correction or falling so sharply that they can't recover. And the funds from these knockoffs are fleeing towards Bitcoin. This was mentioned last week; when the truth about the artificial "knockoff season" is exposed, it's also the time when knockoffs fall into silence. The already difficult knockoff projects will only become more difficult. Although there was some market manipulation at the start, it was not very obvious, but recently more and more projects are being manipulated, the hype is increasing, and a blow-up is inevitable. For example, RAVE, which I said was too extraordinary, doubled in just a week—ridiculously fast. It has no background, no technical breakthroughs, yet it managed to break 100x in a week. Such extreme manipulation is too blatant, and it's not surprising that something goes wrong.

So, what impact does the flow of funds from knockoffs to Bitcoin have? Currently, Bitcoin is at a critical watershed; as long as it breaks the high again, it can surpass the 80,000 mark. The 80,000 level is the last psychological defense line for KONG, and once broken, market sentiment will surge. KONG won't stubbornly hold, and there will be liquidations or forced exits, further pushing the price higher. Currently, the price has been hovering around 78,000, gathering strength and absorbing funds, waiting for the right moment to break through the 80,000 barrier. So, the possibility of breaking 80,000 is quite high. #加密市场行情震荡