Bullshit

I don't think this callback is the start of a bear market, but rather a consolidation before the next big wave begins.
Before this round of rising, during the last wave of increases, the spillover effect and the performance of altcoins were very weak, and did not really attract external funds. The actual participants in the cryptocurrency field account for a very small proportion. The current weakness in the secondary market or after exchanges confirms that we have not really entered a true bull market, but are merely engaging in competition within the market.
The delay in the Federal Reserve's interest rate cuts and quantitative easing has postponed the bull market that should have occurred.

The benefit of this wave of Bitcoin's rise lies in the approval of ETFs and the favorable conditions for joining the Federal Reserve. Altcoins will also begin to have ETFs approved, but the real bull market has not yet arrived.
Many pure speculative projects are just here to sell coins, and since we are still competing within the market, everyone is not foolish; no one will take over these narrative coins, leading to poor performance of VC coins. There is also a problem with VCs; they should invest in teams that are making innovative products in the crypto field with a long-term perspective, rather than investing in so-called big-name people from prestigious universities who don’t even know about Bitcoin.
This round of consolidation is good, as it allows those with long-term faith to stay and helps eliminate the bad coins, so that we can welcome a true bull market.