If you have ETH in your position or are considering buying ETH at the bottom, I highly recommend you to read this post. This is my thinking framework for the position allocation in the big cycle of Ethereum and Bitcoin. I found that there are not many bloggers in the market who are bullish on ETH recently. Most of them have given up or even turned to black fans. I think this is the golden point for buying ETH at the bottom of this cycle. The following is my logical framework and factual data:

First of all, let’s talk about the known facts. If you have carefully read the exchange rate of ETH/BTC in the last two cycles, you should know that in the bull-to-bear cycle from 2017 to 2019, ETH was more FOMO at the high point (the exchange rate reached 0.16 at the highest), and more desperate at the low point (the exchange rate fell to 0.016 at the lowest). ETH/BTC fell from 0.16 at the high point to 0.016, a full 90% drop; the exchange rate of ETH/BTC in this round from 2021 to 2024 fell from 0.088 at the high point to 0.039, a drop of 56%, which is relatively strong compared to the "FUD ETH" in 2019. If you have studied the rising rhythm of altcoins and BTC in the last cycle, it is not difficult to find that BTC led the rise of altcoins for most of the bull market. BTC dominance did not reach its peak until the end of December 2020, while the violent rise of altcoins against BTC only occurred in the middle and late stages of the bull market, that is, in the four months from the end of December 2020 to the end of April 21 (I remember that the only blue chip that could outperform BTC at the beginning of the last bull market was Link). 交6️⃣蝛: xntm566. The logic behind the exchange rate between ETH and BTC appearing in this way during the bull market cycle is actually very simple. There is not enough "water" in the early stage of the bull market, so that everyone cannot really play the CX game of the public chain. Take Solana's pump as an example. If the speed of new funds entering the pool cannot keep up with the speed of the previous people pumping water, the plate will soon accelerate the disintegration. When the monetary easing in the late stage of the bull market is so great that the water floods the Jinshan Mountain, the layers of nesting dolls and various game games of the public chain will become the best place to receive these water. #灰度将推出首个美国XRP信托 #新币挖矿CATI #美国大选如何影响加密产业？ #新币挖矿HMSTR #美联储利率决议公布在即