Share some of my personal thoughts, also to document my thoughts and reflections in the current environment.

The biggest and hottest news in the crypto world these days is probably the meme coin launched by the American president based on the Solana chain, which has brought huge wealth benefits and led to a surge in SOL. Over the years in the crypto space, there have been similar news stories, new concepts, or new tokens with almost every wave, all of which have also brought huge wealth benefits, attracting more new capital and newcomers to this circle. Personally, since this wave of the market, my holdings in spot ETH have been the largest, and with the market's activation, the ETH/BTC exchange rate has been continuously hitting new lows. The voices in the crypto world predicting a bearish trend for ETH are becoming stronger; although ETH ETF funds have been flowing in constantly in recent days, the balance of ETH on exchanges shows a slight increase, indicating that short-term selling pressure exceeds buying pressure. The strong bearish sentiment in the short term is very likely to continue to strengthen, and may persist for a period of time (the probability of 1-3 months is extremely low), which will also lead some ETH holders to accelerate their selling. From the voices in the crypto world these past two days, a considerable proportion of long-term holders are also among those selling, and long-term bullish individuals are selling due to price weakness compared to other tokens or persistent sideways stagnation. In the past two days, SOL has shown a clear siphoning effect compared to ETH.

I personally believe that this is actually some key indicators not far from the activation of the ETH market. The extremes must be reversed; as more and more people continue to sell and look bearish, it also means that the number of sellers is continually decreasing. The selling at this price level also means buying from your counterpart. Buying in the face of falling prices or a volatile market itself raises the cost basis. Those who do not sell in this price range are likely to continue holding. In investing, the biggest difference between true recognition and false recognition is during a market downturn, provided that the underlying asset has not undergone significant deterioration or that there are conditions that do not affect its essence. You still dare to hold or increase your position against the trend. When the market reverses because prices rise (the current selling will eventually become a boost for buying due to price increases), it inevitably means you will gain huge profits. At the same time, I personally believe that the probability of a market activation leading to the exit of blockchain 2.0 is extremely low. Let us wait and see.