Shitcoins will all die, just in different ways. There are particularly many fools in coins like $PNUT and $FARTCOIN, retail investors risk their real money to pump them, can't short them, and the shorts end up suffering, ultimately they still return to zero. In the past two days, $ZEC has been the most foolish, while $HYPE has been somewhat normal in its trend.

When trading, you should be the counterparty to the fools, but don't go head-to-head with the big-money fools in short-term trading. For example, MicroStrategy, which has $120000 still dares to increase its position and buy aggressively, even the longs in the same camp find it stupid and won't play along with it, now it's down to over $80000 and it has no money to add.

Apart from drawing K-lines in a disgusting way, it’s of no use at all, and it also lets the whole world see clearly: After Bitcoin entered the mainstream market, this is all there is to it. Decentralization and privacy are no longer important; it’s just a “special commodity” that can partially look at on-chain data. What really affects the price is all in the exchange's black box, and on-chain data is basically useless.

The story that Bitcoin has been telling for over a decade is nearly at an end. I don't know how many years later, if there will be another wave like the slow bull markets of gold and silver.