Some people said we're in distribution phase, but I personally think we're just having temporary retracement until BTC goes up again to $100k, might take sometime though.
but i'm pretty optimistic we'll hit $100k regardless.
Also, Instead of seeing huge gains from altcoins, I think we’ll be seeing much bigger returns from meme coins. It's quite hard to comprehend how DOGE now has a bigger market cap than the entire Ford company.
that's the magic of crypto
, a silly meme coin getting billion valuation is just another monday stroll.
if you're surpised by that, just see total market cap of meme coin and you wil find it nearing $120B valuation.