After the CPI data stabilized, market sentiment gradually calmed down, and the panic caused by the major non-farm payrolls was basically diluted clean. During this time, altcoin projects may conduct small-scale tests, such as pulling up 20%-30% to see if there are people willing to join in and support the rally. If market sentiment is good and many people participate, they will directly initiate; if there are few participants, the major holders may also fear losses and abandon their positions to wait for the next wave. However, as the interest rate cut points draw closer, the opportunity cost of abandoning positions also increases, after all, giving up this time may not guarantee the chance to pick up again next time.

With Ethereum entering the ETF camp originally monopolized by Bitcoin, the title of altcoin leader may be handed over to SOL. In fact, the logic is quite simple; a bunch of altcoins without independent narratives or trends may not differ much, so the biggest one among them is the leader, giving a sense of pulling a general out of a bunch of losers.