2025.11.8 Macro Market Analysis Good afternoon, brothers! Let’s break down a few key questions: (1) Why are so many altcoins pumping? Reason 1: They dropped too much, so now they’re bouncing back. Many altcoins dropped over 70%, and on the 11th, they were cut in half. Some big money came in to scoop up the “trash,” leading to an oversold rebound. Reason 2: BTC is at a low point. Previously, altcoins didn’t dare to pump and kept dropping because BTC was at a high. Now that BTC has dropped back, some funds are willing to buy altcoins, betting that if BTC rises, altcoins will follow and bring profits. Reason 3: Insider funds are bottom-fishing, preparing for the Fed’s rate-cut cycle and waiting for the U.S. government to resume operations. (2) What should I do? Keep your current positions unchanged. Don’t add more to avoid getting trapped by chasing the pump. Just hold a portion of your positions. The majority should still be in BTC. (3) How’s the on-chain data looking now? Small outflows of BTC, inflows of stablecoins. (4) Cut to the chase—will it go up or down next? The chances of going up are higher than going down. We need to wait for the U.S. government to resume operations, which is estimated to be around the 16th. If it doesn’t resume around the 16th, risks will increase further, potentially triggering panic and another black swan crash. This analysis is just for friendly reference. Adults need to take responsibility for their own decisions. Investments carry risks—please invest only with spare money and think independently!