ETH briefly broke through $2700, and in the past three months, many whales were liquidated. The vast majority of people either actively cut losses or passively faced liquidation, leading many prominent figures to claim that the crypto industry has no profits left and that ETH is completely out of the question. This caused most retail investors without judgment to follow the trend more blindly.

I have been in this market for almost nine years, and regardless of any market conditions, only a minority make money; each time it is just a different manifestation of stable human nature.