The first person to hold 2.6 million in public positions in altcoins, confident after experiencing two rounds of bull markets.

In the past few days, the market has indeed been thoroughly shaken out. As soon as the altcoins showed a glimmer of hope, they were dragged into a new round of deep washing by Ethereum. From the overall rhythm, Bitcoin is hovering between $115,000 and $120,000, which belongs to the large-scale central accumulation stage. This consolidation may last from half a month to a month, aiming for institutional turnover and major players to accumulate.

The outflow of funds from Bitcoin is visibly apparent, but whenever there are profit-takers selling off, new large funds enter the market to accumulate, leading to continued sideways movement. The key turning point in this phase remains the interest rate cut in September, while the true main upward wave is expected to start in October.

Currently, the altcoins are indeed experiencing a stage of Ethereum "bloodsucking." The funds in ETH have significantly increased, indicating a strong market expectation for its rebound, and its slow rising pace also suggests that the market is gradually brewing. Although the altcoins have retraced sharply, this is a normal phenomenon in a bull market—sharp rises and falls lead to fluctuating emotions. The current market is the hardest to endure; selling makes you fear missing out, while not selling makes you fear further declines, but this phase is precisely the most challenging test of one’s resolve.

My view hasn’t changed: bottom positioning, remaining still for profit. This wave of altcoin rise resembles more of a release of trapped positions at high levels, and the real "main upward wave" has yet to begin. Especially in August, based on expectations of a rate cut in September, the market is likely to preemptively speculate, ushering in a decent phase of market movement. The true comprehensive outbreak is likely to occur in October, and mid-November may mark the end of this wave of altcoin surge.

As for the two coins I have consistently advocated: DOT and FIL, it’s not blind sentiment, but rather based on the severe divergence between project value and coin price. They have already been "blacklisted" by many due to their weak performance and low popularity, but the more they are overlooked, the greater the opportunity they hold. The project has long had explosive potential; it just lacks a refocusing of market funds.

In summary: the current stage is just a normal consolidation in a bull market, do not panic, remain still, and protect your bottom price chips. Once the market starts, the chips you sold may never be bought back again.