The excessive issuance, chaotic distribution, and universal rise of altcoins have already drained the liquidity from the entire market! Recently, even new coins coming online have not shown any profit potential. A direct drop after the opening indicates that the market's funds have been exhausted. If Bitcoin experiences a pullback, it means that the entire market's funds will be withdrawn, and liquidity will completely disappear. In simple terms, even if Bitcoin continues to rise and breaks 110,000, small coins will still remain in this lifeless state. For small coins to break through, there must be external capital entering the market, or funds previously trapped in large market cap coins like DOGE, XRP, and ETH need to re-emerge. As long as these large coins do not rise, altcoins will struggle to gain traction. In the future, if BTC pulls back, ETH may be relatively strong. A few days ago, ETH just broke this year's new high and is less than 20% away from its historical high. In the next phase, if Bitcoin stabilizes, we may see Ethereum's performance.