I said from the beginning that the big pancake Ethereum would go through ETF, which is the biggest black swan for altcoins. Before it went through ETF, altcoins felt normal in 2023, but from 2024, they are like a pile of shit.

$ETH looked at the on-chain data for a while and suddenly felt that retail investors are really unfortunate. Not to mention us small investors, even the whales with hundreds of millions are being pressed down by Wall Street capital. When it was time for the 4200 surge, a few whales combined threw in 300 million in short positions without even causing a splash. The speed of the surge didn't stop even for a moment, and two of them directly cut their losses, losing millions in fifteen minutes. This entire bull market is just Wall Street consolidating the funds in the cryptocurrency circle into Bitcoin and Ethereum for concentrated harvesting. Just look at the altcoins, which bull market has seen such a poor performance from altcoins? It's not that there's no money in the market; it's that Wall Street has concentrated the funds through two years of guidance. They understand the psychology of retail investors too well.