In the past three months, if you ask when the market was in extreme fear, I’d say today is the day. Previously, regardless of ups, downs, or consolidation, funds in the market were still flowing into ETH, including ETH market makers. Now, looking at the ETH/BTC trend, BTC is holding steady, but ETH is just slowly bleeding out, with no funds flowing into ETH. Even if there are still bulls, they’re only buying BTC and don’t dare touch ETH anymore. This really reflects the current sentiment. BTC will likely gain more market share, and the liquidity from ETH and other altcoins will flow into BTC. This is actually a good sign. One more reminder: if BTC breaks below the 822 level, it’s highly likely to head toward the 69,000 range. Bulls, just make sure to set your stop-loss properly.