The market value of altcoins has now dropped by 70%-80%, and the likelihood of further declines is quite small. The fluctuations during this period have left many people completely disappointed with the altcoin market, but extremes can lead to reversals; being weak to a certain extent may actually invite a turnaround.

However, the market still needs time to adjust and recover. Although Ethereum has institutions like BlackRock buying at the bottom, we have not seen it rise strongly. Bitcoin is still fluctuating at a high level, and if it continues to oscillate for another 1-2 months, when everyone is too afraid to buy and the market is at its coldest, we might welcome a new market trend, and this trend may be stronger than before. Only then will everyone truly understand what a 'frenzied rise' feels like.