The panic is just beginning, and within three months the cryptocurrency market will undergo a major washout, but after that it will slowly ease up to start a bull market.
Always keep an eye on the dynamics of the Fed's interest rate hike, as this is an important condition that determines whether the cryptocurrency market enters a bull market or not.
If the US dollar keeps raising interest rates, off-site funds cannot enter, and can only rely on the flow of funds in the cryptocurrency field. If BTC & ETH rise, the other cryptocurrencies will definitely shrink.