Market Overview:
Bitcoin fell slightly, but altcoins plunged sharply.

DOGE, PEOPLE, ACE, GALA, BCH, BONK, SOL, ORDI, PEPE, etc. fell by more than 15%, among which BONK was nearly halved.

Contract and leverage chasers were liquidated one after another.

Cause Analysis:
Altcoins are high risk and volatile.
Contract and leverage trading have huge risks and can easily be liquidated.

Investment Advice:
You need to be cautious when investing in altcoins and don’t blindly chase the rise.

Do a good job in risk management, control positions, and do not use leverage.

Bull markets tend to rise sharply, while bear markets tend to plummet. Treat market fluctuations rationally.

Future outlook:
Bitcoin still has room to rise, but altcoins are more risky.

Investors need to invest prudently and manage risks well.

I hope this information can help you better understand the current market conditions and make rational investment decisions.