The five big cottages that CUE arrived today did not perform well, which can be regarded as a typical and universally representative phenomenon, because after all, you can't take the small-cap strong cottage as an example. In the afternoon, BTC ether was obviously very weak when it rose, with limited rise and positive decline, not to mention the previous high of around 7.21, and even yesterday's small high was not reached.
The so-called blood-sucking market means that the funds have not yet entered a state of FOMO, and they are currently more optimistic about the deterministic narrative of large currencies and are not positive about taking risks and high returns. Cottages generally have to wait until the big currency peaks for the first time and then stabilizes before starting to perform, and it seems that the copycat season will have to wait a little longer
Recently, I focused on the five copycats of XRP DOGE PEPE UNI WIF and found that there must be a narrative. Because UNI WIF is a subsidiary altof of ETH SOL, its activity, volatility, rebound speed, etc. are much better, and the rest of pure altits such as XRP DOGE PEPE are not enough stamina. Looking at historical patterns, pure altcoins such as XRP, DOGE, and PEPE tend to be widely bet on when uncertainty is high in the early stages of the market, leading to short-term rebounds, but once hot tracks are clear (such as DeFi, Layer2, or ETF-related), funds will be transferred quickly.
Therefore, if ETH plays the leading role in the follow-up, then focus on the layout of Ethereum copycats, and even memes will return to the Ethereum chain, so that SOL may decline for a while, but it may also be that there will be new funds after the opening of the full bull market, and the public chains will directly compete to start competition. I also went to see L2 like ARB OP today, and Ethereum may be bounced, but the bullish range is currently limited, and if the ETH bull market deepens, they may be driven.
At present, the main narrative of the currency circle is ETF bulls, who has ETFs and who is bulls.
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