The sudden drop of $ETH and altcoins, while $BTC remains as stable as a rock. Every time the market dips, there are always people eager to find reasons, whether it's the end of a bull market or a necessary adjustment for Ethereum and altcoins.

These analyses make me feel that they may not have experienced a real bull market, as there are always sudden drops during a bull market. If the bull market truly ended, it should be led by Bitcoin, dragging Ethereum and altcoins down together, and there wouldn't be a situation where old coins rise while new coins remain stagnant.

Today's drop is similar to the one on the 6th, both occurring in the early morning with a clear intent to blow up leverage while the Asian market is resting, not even giving you a chance to buy the dip.

This round of the bull market has not flooded the market with liquidity; the prerequisite for the rise is that market leverage cannot be too high. Bitcoin hasn't dropped because it does not have a demand to clear leverage.

The funding rates for altcoins had risen very high previously, and after this drop, most rates have returned to normal; this is the goal, to clear high leverage.

Ethereum and altcoins have not yet started to accelerate their rise, and some are still at the bottom. If, as some people say, there will be a significant drop, wouldn't that be giving retail investors a chance to buy the dip? That is unreasonable.

Overall, I believe today’s drop is mainly to clear leverage, and the effect is very obvious; the goal has been achieved. The daily chart of altcoins is still very healthy and will not stay at this position for too long. Clearing leverage is to prepare for the upcoming acceleration in the market.

In a bull market, every pullback is an opportunity for Ethereum's exchange rate to rise and Bitcoin's market share to decrease. The bull market is still ongoing, so keep pushing forward.