Wu said that VanEck analyst Matthew Sigel pointed out that today BTC and ETH showed a rare divergence: Bitcoin's maximum daily drop exceeded 10%, while Ethereum did not show a ≥10% pullback, which is the first time since 2021. Similar situations have only occurred for 52 days since 2020, accounting for about 2.7%. Historical data shows that in this scenario, Bitcoin's median performance over the next 7 days and 30 days is –2.8% and –15.6%, respectively, while Ethereum is +6.4% (7 days), –8.4% (30 days). Sigel believes this may be a bearish signal for the crypto market: Ethereum may be able to buffer in the short term, but overall still tends to decline.