The approval of Ethereum ETF did not bring about a surge. Many people questioned the view that there would be a pullback when the good news was realized two days ago, and believed that if most people see a pullback, there will be no pullback. However, you cannot guarantee what most people think. The fact is that most people will rush in to buy when they see good news, so a pullback is of course inevitable. The first wave of Bitcoin's trend from 15,000 to 74,000 is in line with the first stage of the trend from the bear market low to the previous high. Historically, in the first stage, Bitcoin performed better than Shanzhai, and in the second stage after Bitcoin completely broke through the previous high, Shanzhai would outperform Bitcoin. Many people are here to conspiracy theorize that Shanzhai has no future, and only mainstream Bitcoin has a future. The funds used by the main force to pull up the mainstream Bitcoin and the Shanzhai are not of the same size. If they can use hundreds of millions of small funds to pull up the Shanzhai several times and let retail investors take over, then why choose to use tens of billions to pull up the mainstream Bitcoin that retail investors cannot afford? Therefore, those who switched from Shanzhai to mainstream Bitcoin will most likely not be able to stand the several times surge of Shanzhai in the next second stage of the market, and start to switch from mainstream Bitcoin to Bitcoin. After changing cars, another round of 74, 94, and 312 plunges hit, and they found that they were once again made leeks and were cut by the main force.