The pie has a 10,000-point retracement. Do you dare to get on this car?

If I said now is a good opportunity to get on the bus, would you dare to get on it? Don't rush to curse, let me tell you slowly.

The Tang Dynasty has made judgments about this wave of corrections in its previous articles. In fact, it is not surprising at all. The pie has broken through the previous high for two consecutive months, with an increase of more than 50%. Now the two rounds of corrections have dropped by about 10%. Isn't that normal?

Have you ever seen a market that only goes up but never falls? The previous rise was too fierce. If there is a slight correction, we should feel not fear but excitement. At least for now, it seems that the overall trend has not been changed.

The halving market has only started in 39 days. My aunt’s ETH is still waiting for approval. The Fed’s interest rate cut has not yet come. Trump has not yet taken office. All the good news has not yet been fulfilled. The feast of the bull market has just begun. The curtain has just begun.

However, the market drop today is indeed a bit scary. The copycat sector is bleeding like a river, and BOME, which has surged for three days, has also been pulled down from the altar by Dazhuang.

Three days after being listed on Binance, driven by profits, the so-called artist project team began to take the lead in selling and cashing out. The number one address directly sold 50% of BOME. The result was that a large number of warriors in the secondary market settled on the top of the mountain. Stand guard - all are trapped.

It's okay if BOME is cool, new memes are coming out again, and they will never stop on their way to becoming "local dogs". Yesterday, "Sloth" SLERF's one-day on-chain trading volume exceeded 3 billion U.S. dollars, which is more than the big pie on the exchange. The trading volume is large, and the holding addresses are close to 600,000.

BOME’s three days on the exchange surprised everyone. SLERF’s market value exceeded BOME in just one day. The biggest beneficiary should be SOL. Now even the SOL currency withdrawal channel of the exchange has been closed, which means that most SOL Raptured empty.

Because if you want to play MEME, you need SOL, just like you need pie to play Inscription, so this wave of Sol is still performing strongly with the support of Meme Zoo.

In the previous article, Tangren emphasized that this is why everyone ambush Sol. When everyone chooses to dig gold, smart people will choose to sell hoes or water, which is the safest way to invest.

Tangren believes that the fundamental reason for this wave of market decline is related to the sluggish inflow of market capital. According to the latest updated ETF data on March 18, the market has experienced an overall net outflow for the first time.

Yesterday, ETFs had a net outflow of US$154 million. This was the first net outflow of spot ETFs since March 1. GBTC had a net outflow of US$643 million, setting a new single-day outflow record. Belite IBIT had a net inflow of US$451 million.

Yesterday, BlackRock bought more than 6,000 pieces of pie, while Grayscale shipped more than 9,000 pieces. As of the 18th, a total of 250,616 Grayscale GBTC had flowed out, the other nine ETFs had a total inflow of 465,252 pieces, and the total net inflow of ETF products was 214,636 pieces.

Against the backdrop of a significant slowdown in capital inflows, many miners have also begun to choose to sell their big pie through OTC transactions. The miners' selling triggered panic among short-term holders, coupled with the previously unexpected U.S. PTI data and other factors have created strong selling pressure.

The reduction in net inflows into ETFs has weakened the market's purchasing power, making it difficult to absorb these huge selling pressures. In addition, the tariffs are maintained at high rates most of the time, and the annualized rate of unilateral calculation exceeds 100%. The capital costs borne by the bulls are difficult to maintain. Once the market goes sideways, funds will gradually be withdrawn, eventually forming this wave of decline.

Although the market has fallen, this is only a problem we face in the short term. Judging from the net inflow of funds in the market last week, the market still maintains a certain degree of vitality despite the pressure.

On the macro front, today the Bank of Japan announced its latest interest rate decision, raising the benchmark interest rate from -0.1% to 0-0.1%, in line with market expectations. This is the first interest rate increase since 2007, and the eight-year era of negative interest rates has officially ended.

After the resolution was announced, the U.S. dollar rose against the yen in the short term, with a volatility of 70 points, and then the increase further expanded to 100 points, reaching a maximum of 149.93.

Despite Japan scrapping negative interest rates and YCC, the yen is still struggling to gain momentum. The fact that the Bank of Japan will continue to buy bonds does not allow the yen to sustainably break out of its recent range.

Therefore, Tangren believes that the yen's upside space is also limited, and the fate of the yen is in the hands of the Federal Reserve's interest rate decision on Wednesday. Whether the ever-related pie can emerge from the gloom in the short term will ultimately depend on subsequent capital inflows.

Finally, Tangren believes that the bull market trend will continue in the future, but there will be multiple price corrections in this range. However, this is not a time to sell. On the contrary, I think it is an opportunity to buy. Instead of chasing short-term profits, it is better to continue in the longer term. to maximize your profits within the time span.

In the process of a bull market, the decline is uncertain, but the rise to new highs is certain. Before the bull market reaches its peak, it is completely beneficial. In short, this year's bull market has just begun, and we are still full of opportunities in the future.

Finally, Tangren writes articles carefully every day in order to bring a certain reference and decision-making value to you who are reading the article. If you think the writing is good, please like, follow and forward it. This is the greatest encouragement to Tangren. and support are also Tang people’s biggest motivation. #ETHFI，

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