Today is the 434th day since I started posting updates, and I haven't missed a single day. Each post is not done half-heartedly, but is prepared with care. If you think I'm a serious person, you can follow me, and I hope the content I share every day can help you. The world is vast, and I am small, so please follow me to avoid difficulty in finding me.

The crypto market is experiencing intensified fluctuations, with Bitcoin briefly dropping below the $110,000 mark, hitting a low of $109,324, the lowest point since early July. Ethereum has also briefly dropped below $4,400, with a nearly 8% decline over 24 hours. This round of decline has triggered massive liquidations across the market: over $900 million in liquidations within 24 hours, with Ethereum bulls losing about $322 million and Bitcoin bulls losing $207 million.

The market chain reaction is swift, and mainstream altcoins are under pressure: Historical pattern: the September curse. Investors' caution is not without reason; historical records show that September is one of the worst-performing months for Bitcoin and Ethereum. This "September curse" has appeared in previous bull market cycles. In 2013, 2017, and 2021, Bitcoin experienced severe corrections in September after strong rebounds in the summer. The Fed's interest rate cut in September is less of a positive and more of a trigger for uncertainty. Unlike the "soft landing interest rate cuts" expected in 2024, this time could represent a true "turning point," leading to synchronized corrections in both the stock market and the crypto market.

However, from a longer-term perspective, this cleansing may also be a necessary step for the continuation of a bull market. The market needs to clear overheated positions in the "maximum pain zone" to make room for the next round of increases. If the cleansing is sufficient, BTC may still reach new highs in the subsequent cycle, and the long-term upward logic of ETH will not be affected.