Bitcoin and Ethereum are approaching historical highs. Logically speaking, as the market rises, there should be FOMO (fear of missing out) sentiment. However, the reality is quite the opposite. Most people seem to have missed this market surge, but the true situation is that most people's altcoins have not yet recovered their costs; the market surged before last year's tariff changes, and to this day, there has been no portfolio adjustment, and many are still facing significant losses.

This is actually because most people are still trying to follow the old ways, thinking that when Bitcoin hits a new high, altcoins will follow. However, Bitcoin already reached a historical high in mid-July this year, and it is about to hit another high, while most altcoins are still at the bottom, and those holding onto their positions are unwilling to change, leaving a mess behind.

This reflects the mindset that the market has cultivated over the previous four-year bull and bear cycles, where most expect a bull market to emerge after Bitcoin's halving. As a result, most people bought in at high levels in the first half of the year, without realizing that the market logic has changed. Earlier this year, the Crab Boss even published an article stating that the four-year bull and bear cycle has changed, and that trading systems should adapt to market changes, with the losses in the first half of the year still fresh in memory.

With the entry of consortiums like MicroStrategy and the inflow of ETFs, Bitcoin has been completely integrated into the U.S. stock market and is now fully controlled by consortiums. The main logic is that traditional institutions have purchased about 12% of BTC, while ETH has only seen a maximum of 4-5%, leaving a lot of room for growth. In the second half of the year, these institutions are likely to continue buying until they reach about 10%, gradually bringing ETH's effect closer to that of BTC.

Although the market has escaped the four-year cycle, the cryptocurrency market still has cycles, with ups and downs. There's no doubt that Bitcoin and Ethereum are not just cash games; they have their own cycles. This cycle is similar to past cycles, so it's crucial to make good use of the remaining time to accumulate wealth while learning to secure profits and maintaining valuable positions.