The first person to publicly hold 2.6 million altcoins, confidently after experiencing two bull markets.

Recently, this wave of deep wash has indeed shaken out a lot of panic. Altcoins just started to show some signs but were crushed by ETH's draining. However, this is actually the most typical stage in a bull market, the one that easily causes emotional loss of control.

Bitcoin is currently consolidating in the $115,000–$120,000 range, which is a large-scale central oscillation. The process of institutional handover and major players accumulating is still ongoing. Don’t be fooled by the dull market; the changes in capital are visible to the naked eye: every drop has selling pressure, but there are always large funds supporting it, maintaining high-level fluctuations. This means market confidence is still present, and funds are playing a hidden game.

The key turning point is still in September. If the Federal Reserve officially starts to cut interest rates, it will mark the confirmation of a new round of bull market for risk assets. I predict that the real main rising wave will start in October, with mid-November possibly marking a temporary peak.

Currently, ETH is catching up, and the volume is significant, indicating that market funds are brewing a new rhythm. Altcoins have experienced a harsh correction, but this is the norm in a bull market — drastic rises and falls, repeated wash trading, forcing you to hand over your chips. This is the toughest time to endure; **selling out of fear of missing gains, not selling out of fear of further losses,** but only those who can hold on can truly earn from the trend.

My strategy has always remained unchanged: **bottom layout, stay still for profit.** Currently, altcoins are still in the high-level chip release phase, and the true main rising wave has not yet begun. August serves as a window for early rhythm, and speculation based on interest rate cut expectations may bring a good swing opportunity.

I always have high hopes for two coins: DOT and FIL, not out of sentiment, but due to severe divergence between value and price. The project's fundamentals are solid, but they have been marginalized by the market due to long-term sluggishness. Such coins are even more explosive — once funds refocus, their market performance is often the most fierce.

In summary: it is still the last wash before the main rise of the bull market, a true test of determination. Hold on to your bottom chips and stay still. Once the market starts, the chips you sell now may never be bought back again.

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