The market has been a bit strange lately. SHIB has fallen back to the levels of 2023, XRP is firmly stuck above 2 dollars, while Bitcoin is fluctuating between 93,000 and 100,000 - it all seems like a normal pullback, but the underlying logic is worth digging into.

The sharp fall of SHIB is not just a technical adjustment. The voices that once promoted the "Shiba Inu ecosystem" are gradually fading, retail investors are still buying at the top, while institutions have quietly exited long ago. This is not a pullback; this is a complete collapse of a speculative bubble.

XRP is more interesting. The $2 line looks like support, but in reality, it is the "line of life and death" for the market makers. Breaking upwards is a trap for attracting more buyers, while falling down is the moment of bloodbath. Every story written in the candlestick chart has someone manipulating behind it.

The most noteworthy is still Bitcoin. The range of 93,000 to 100,000 has become the "life support zone" for the entire market. It's not that it can't rise, but large funds are collectively in a wait-and-see mode—holding chips but not daring to act, fearing that any movement will trigger a chain reaction. Once it falls below 80,000, the door to a bear market may really open.

What should retail investors do? First, don't go all in. Always keep half of your cash on hand until Bitcoin breaks 100,000. Second, forget about those "emotional coins" and pay more attention to the capital flow of Bitcoin ETFs - that is where the real intentions of the big whales lie. Finally, be patient and when the opportunity arises, act decisively and quickly.

The market is like the ocean; most people only see the waves and fail to notice the undercurrents beneath the water. Don't bet your entire fortune on someone else's story.