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I still believe that mainstream tokens that have passed the ETF will experience a wave of market activity, and this viewpoint will not change. Previously, after the approval of BTC's ETF, it fell from 74,000 to 49,000, and after ETH's ETF was approved, it fell from 4,200 to 1,300. In the end, the prices still rose. Currently, $LTC $HBAR SOL DOGE have all passed the ETF. Many people say it’s useless and that prices won’t rise even after approval. When BTC and ETH's ETFs were approved, many people said the same, and in the end, they were all proven wrong.
From the perspective of market operation logic, the current market sentiment is fully bearish on altcoins. Many people have either cut their losses and left or are trapped in worthless altcoins. Many retail investors are not buying mainstream tokens; small-cap retail investors generally buy small-cap altcoins or MEME coins in hopes of making big profits, while large-cap retail investors tend to embrace top assets like BTC, ETH, and BNB. The mainstream tokens in between are unattractive to small-cap retail investors and are also looked down upon by large-cap retail investors, so the trading volume is relatively light. So how would a whale operate? Wait for the washout to be complete, then pump a wave of these mainstream tokens that have passed the ETF, promoting that these mainstream tokens that have passed the ETF are the value tokens. Many retail investors will fall for it and buy in, and these mainstream tokens have relatively larger market caps and decent liquidity, allowing for the inflow and outflow of large funds.
Of course, many people will say I am daydreaming. In April this year, I was bullish on ETH and was scolded all the way until July. Finally, when ETH broke through 3000, those scoldings disappeared. So this time, I am bullish on Mainstream Token, and many people will scold me again. But it doesn't matter; I'll let time take its course.