According to BlockBeats, on September 8th, renowned trader Killa published a new article stating that although he dislikes the vast majority of altcoins and even believes that 99.9% of projects will eventually go to zero, selective participation is worthwhile as long as there are profit opportunities in the market. He believes that one of the best periods historically for investing in altcoins is when Bitcoin begins to form a bottom and slowly rises.

Killa points out that during the previous cycle, when Bitcoin rose from $16,000 to $74,000, many altcoins recorded gains of 300% to 500%; however, after Bitcoin began to significantly outperform the market and its market dominance increased further, many altcoins began to experience sharp declines.

He believes that if his judgment is correct, Bitcoin has already formed a temporary bottom, and many altcoins may have also completed their bottoming process at low levels. This means that before the real bull market expansion arrives, there may be significant potential for returns by investing in some high-quality assets in advance.

Killa revealed that he previously bought SOL at $76, and the position has now risen by about 50% from the entry price; his previously disclosed entry price for HYPE spot and long positions was $51.55, which has since risen by about 70%. He also recently shared his swing long position in ASTER, and expects that position to have at least 50% to 100% upside potential.

"Altcoins may have already bottomed out, and the real rally hasn't even started yet. Now is the time to selectively invest," he said. He added that in the future, we may see different altcoins taking turns to rise. He will continue to hold the previously disclosed positions in SOL, ASTER, and HYPE, while looking for more worthwhile targets to invest in.

According to BlockBeats, on September 8th, Bitcoin fell back on Monday in a low-liquidity environment, dropping nearly 2% intraday and falling below the $80,000 mark again, essentially erasing the gains made after breaking through $80,000 over the weekend. Previously, Bitcoin had just recorded its first weekly close above $80,000 since May.

The US Labor Day holiday and subsequent closure of US stock markets led to decreased market liquidity and a thinner order book, increasing the risk of short-term price volatility. CoinGlass data shows that the number of long and short liquidations in the crypto market was relatively balanced over the past 24 hours, with a total liquidation amount of approximately $178 million. Currently, market liquidity is mainly concentrated around $80,500 and $78,800.

QCP Capital stated that market volatility has been contracting recently, and traders are awaiting new external catalysts. The US inflation data to be released this Thursday and Friday could be a key factor influencing market direction and further altering market expectations regarding the Fed's interest rate hike path.

Despite Bitcoin's recent sideways movement, analysts remain focused on its resilience. Bitget's chief analyst, Ryan Lee, believes that Bitcoin's ability to maintain its high levels despite unexpectedly strong US jobs data, which typically pushes up US Treasury yields and the dollar, putting pressure on risk assets, indicates that the market is not viewing a potential Federal Reserve rate hike as the sole determinant of current price movements.

In addition, inflows into the U.S. spot Bitcoin ETF continue to attract market attention, with net inflows reaching approximately $730 million in a single day, marking the highest single-day inflow level since January of this year.