As BTC is once again approaching 100,000, let's review the ETH/BTC rate of 0.019. At the last offline gathering, I chatted with some friends about why we still hold ETH. Here are some common points: * Most entered Crypto in the last cycle * Still fantasizing about an altcoin bull market * Not good at cutting losses * Didn't participate much in the SOL ecosystem this cycle ————————————————————— Let's discuss each point: 1. Entering Crypto in the last cycle, they consider ETH and BTC as the same type of coin, while others are altcoins. This leads to expectations that ETH will outperform BTC during bear market bottoming and bull market buying, hoping for BTC to reach 100,000 USD and ETH 10,000 USD. 2. Also, because liquidity was too abundant in the last cycle, all coins rose, so they are still fantasizing about an altcoin bull market. But this cycle, the BTC ETF has diverted a lot of Crypto liquidity to the US stock market, and there hasn't been a rate cut, making the market situation completely different from the last cycle. 3. Because they don't know how to cut losses, they can only watch as the ETH/BTC rate drops from 0.08 to today's 0.019. 4. There has actually been an altcoin bull market, which is SOL's MEME. MEMEs have all risen, including animals/politics/AI infrastructure, etc., with each category rising significantly. Still thinking about old coins without narratives or income rising is a kind of illness. In the last cycle, all narratives revolved around ETH, like Defi Summer/NFT. But this cycle's narrative is happening on SOL, and without participating, there's no way to sell ETH for SOL. Some friends, based on outdated top indicators from the past, judge that the bull market hasn't peaked yet and haven't sold any ETH positions. ETH in this cycle just hasn't kept up with the times, and if your thinking is rigid, you'll be like ETH. At this point, it's time to bring out Night Owl's classic chart: "In the long run, ETH is worthless." (This does not represent my view 🐶🐶)