Even though Bitcoin has reached new highs today, the sentiment in the community remains very low. This new high for Bitcoin is achieved through a 'bloodsucking' method, with significant corrections happening across various mainstream and non-mainstream altcoins, and even meme coins from last night to today. Ethereum, as the second in the crypto space, has an even more complicated trend. The community is filled with jokes, such as 'Bitcoin breaking below 97,000 shows a downtrend, while ETH breaking above 3,100 stands tall' and 'Hold on, sector rotation is coming soon; after BTC rises, it will be ETH's turn to drop.'

The reality is that most altcoins have performed extremely poorly in this bull market. We criticize ETH every day, but actually, Ethereum has outperformed 99% of the CEX (centralized exchanges).

If you didn't engage with meme coins in this bull market, or didn't get into the SOL ecosystem, this wave will be extremely difficult for you. But there's nothing you can do; large funds only recognize Bitcoin because it has strong religious attributes and is a matter of faith. Even if ETH gets an ETF, in the eyes of insiders and outsiders, ETH is still just a company. When it comes to companies, we need to look at data and profits, and companies come with risks.

From this perspective, ETH will always be a tier below Bitcoin, and other altcoins are similar. We can see this from the performance of MicroStrategy and Coinbase stocks. In the eyes of stockholders, MicroStrategy = Bitcoin, COIN = altcoins. This is also why MicroStrategy has increased by 16 times this year, while COIN is still far from its previous highs.