ye.koi:
From the situation of $BTC and $ETH , it’s up around 20–30%. Here the fluctuation is only 3–5%—there’s completely no drawdown. Also, trading volume is especially small. For most altcoins, they’re basically just being stabbed up from the starting point. This basically indicates that there are no retail investors in BTC and ETH right now. Since the FOMO entry points for BTC and ETH are already too high, but people don’t dare to chase, they can only chase altcoins instead. Liquidity rushes in all at once; when chasing higher prices, everyone already has stop-losses or protections in place. A chain of liquidations follows, and it directly spikes up—like a needle.

Since the market has already told us that there are no retail investors in BTC and ETH, and SOL sometimes fluctuates even more, then BTC and ETH basically won’t return to a low level again to let retail investors get on board. The large position in BES can be held with peace of mind. My altcoin positions have a very low average cost—altcoins make up only about 0.6X in total—so I didn’t set any protection and have been holding. Just continue waiting here. Treasure your low-priced positions—don’t do anything random like taking profits in a messy way.