In a huge wind outlet, even pigs can fly. But once the wind stops, many people are still reluctant to leave and will fall down.
ETH gives me a feeling a bit like Alibaba. Although it has great potential, the trend has passed, and many people may still be addicted to it, fantasizing that there will be another climax.
Alibaba's stock peaked in the second half of 2020, and the trend slowly fell back to the starting point. Shareholders and founders are busy cashing out. The ETH Foundation has been busy selling coins in recent years, selling points every few days.
Those who play finance must study the cycle and the trend more. If the trend is gone, don't fight against the trend.
Just like before this big pullback, I felt that the big wash behind must be very violent. I posted a reminder on Twitter every few days, paying more attention to the risks behind. Because the whole network is too fomo, everyone is shouting 1000u, 100,000u, and many people outside the circle have started to make money, so who is losing money? No one is losing money, and novices and new leeks are starting to make money. This is not a good phenomenon.
Of course, I only analyzed it from the perspective of value and trend direction. If there are major innovations in the ecosystem or ETFs are approved, there will definitely be a big rebound or surge, but in the long run, the ETH/BTC exchange rate has been falling, because nothing can resist the trend.
