1. During this downturn, the market clearly shows that major

1. During this downturn, the market clearly shows that major assets like Bitcoin, Ethereum, and Solana are genuinely declining, while many altcoins may be testing their bottoms for a second time (their declines have been shorter and could reverse).

Coins that performed well earlier in this cycle—such as $ZEC, $NEAR, $TAO, and $ONDO—are now retracing to their prior consolidation zones with high trading volume. In contrast, bull-market darlings like $HYPE are experiencing normal pullbacks.

2. The crypto market has become increasingly structural, demanding refined research and analysis. I believe the next wave will be dominated by the same fundamental-driven investors who led the previous bull run. For example, I previously suggested that CEXs directly integrating with brokerages to list ONDO on U.S. equities markets would be a negative catalyst—but as BTC has plunged sharply these past few days, ONDO has barely followed suit. This suggests a shift from fundamental drivers to counterparty-driven momentum.

3. The long-awaited correction has finally arrived—not a cause for pessimism, but for optimism: now we have the chance to acquire assets at lower prices. Why haven’t I traded short-term futures in a while? It’s intentional—I’m cultivating a mental habit of embracing “approximately right” decisions and favoring long-term holding over quick trades.

Otherwise, even if this is truly the final dip—and a new bull market begins in late 2026 through 2027—your trading habits shaped by short-term speculation will prevent you from holding through the rally.