As the price of Bit continues to reach new highs, market sentiment has undergone significant changes. Looking back, when Bit reached $60,000, many investors thought they should wait until $70,000 to consider altcoin investments. After the price broke through $70,000, people turned their attention to historical new highs. Now, Bit has surpassed the $110,000 mark, and this momentum has had a huge impact on the altcoin market.

It has been observed that around 90% of altcoin projects are on the verge of collapse. This situation reflects the harsh reality of the cryptocurrency market: when mainstream coins perform strongly, highly speculative small coins often suffer heavy losses.

In the current market environment, investors should be particularly cautious. Experts suggest that it may not be suitable to invest in any altcoin projects at this stage. On the contrary, focusing on mainstream cryptocurrencies that have proven their value and stability may be a wiser choice.

This trend also highlights the market's pursuit of real value. Projects lacking substantive applications and innovations may be eliminated in this wave. For the entire cryptocurrency ecosystem, this may be a purification process that is beneficial for the long-term healthy development of the industry.

However, we should also recognize that market conditions change rapidly. A project that seems to have failed today may be reborn in a new form in the future. Therefore, closely monitoring market trends and maintaining rational judgment is crucial for every cryptocurrency investor.