Today, altcoins collectively plummeted. Many retail investors, who had just built some confidence, were hit hard again, and their mentality is about to collapse.

But amidst this grim situation, there is a detail worth noting: Ethereum did not follow the crash. Instead, it is trying to stabilize its rhythm. This may indicate that the main players' strategy has changed — no longer is it a "full-scale washout," but rather focusing on cleaning up the altcoins while keeping the main chain stable.

If this judgment holds, then this wave of altcoin suffering might just be the last clearing before a major market movement.

The current decline feels very uncomfortable, especially for those who did not reduce their holdings around 2750 previously. When the price drops, but there is no capital to supplement, it’s hard to bear psychologically, and one can only watch helplessly.

If Bitcoin drops again, for example, retracing to around 102,000, altcoins may continue to plummet, and market sentiment could be ignited. But the real market often emerges during such "emotional extremes" moments.

Another detail is that at the Bitcoin conference, mainstream voices generally expect 100,000~200,000, which is far lower than the previous enthusiastic shout of 500,000. The main players are actively lowering expectations, quietly building strength.

Now retail investors are increasingly "holding tight" and are unwilling to operate frequently. The main players often use the strategy of oscillation to wear down their will. For instance, Ethereum rises to 3,500, then drops back to 1,800, then rises again only to turn back... making you think it’s about to take off, only to be slapped in the face repeatedly.

They are not only washing out positions but also washing out beliefs. The more stable you hold, the harder they will wash, until you admit defeat and give up your chips, only then will the market truly begin.

From an overall trend perspective, I still have a bullish outlook, especially in June, which may bring favorable policies. In the short term, Ethereum's current decline has already formed a preliminary bottom; if it can return to 2,100 or even lower, that would be our opportunity to load up.

Lastly, a reminder: the direction is upward, but the process is bound to be torturous. What you need to do now is to stay calm and keep some cash on hand. Every major drop is an opportunity to re-enter. There’s no need to bet on the top or the bottom, but you need to be in the rhythm.