1. During this downturn, the market clearly shows that major assets like Bitcoin, Ethereum, and Solana are genuinely declining, while many altcoins may be testing their bottoms for a second time (their declines have been shorter and could reverse). Coins that performed well earlier in this cycle—such as $ZEC, $NEAR, $TAO, and $ONDO—are now retracing to their prior consolidation zones with high trading volume. In contrast, bull-market darlings like $HYPE are experiencing normal pullbacks. 2. The crypto market has become increasingly structural, demanding refined research and analysis. I believe the next wave will be dominated by the same fundamental-driven investors who led the previous bull run. For example, I previously suggested that CEXs directly integrating with brokerages to list ONDO on U.S. equities markets would be a negative catalyst—but as BTC has plunged sharply these past few days, ONDO has barely followed suit. This suggests a shift from fundamental drivers to counterparty-driven momentum. 3. The long-awaited correction has finally arrived—not a cause for pessimism, but for optimism: now we have the chance to acquire assets at lower prices. Why haven’t I traded short-term futures in a while? It’s intentional—I’m cultivating a mental habit of embracing “approximately right” decisions and favoring long-term holding over quick trades. Otherwise, even if this is truly the final dip—and a new bull market begins in late 2026 through 2027—your trading habits shaped by short-term speculation will prevent you from holding through the rally.