Recently, the market has weakened, and Ethereum has become the main driver of the decline. Although Bitcoin has held around 112,000, the rebound is clearly lacking strength, and short-term opportunities may not be with it. This round of adjustment is simply a digestion of the excessive gains; once profit-taking occurs, it can easily lead to a chain reaction. From the peak, it has already dropped more than 10%. Although the trend looks bad, there should be some technical recovery in between. Ethereum did not hold at 4,300, and the next focus is on the 4,100 support. The impact on spot trading is not significant, but leveraged players will feel a lot of pressure. The decline of altcoins this time is a bit interesting and quite different from the past. According to past experience, such a decline should have resulted in bloodshed, but the situation is still okay, indicating that leveraged funds are mainly concentrated in Ethereum. Therefore, if you want to bottom out in the short term, it is safer to follow the large funds rather than rush to catch falling knives.