If you're still holding Arb or other L2s, I suggest dumping them if there's a rebound in the second half of the year. (Though I doubt there'll be any movement.) This bull market barely made a splash, so don't count on the next one either! 1. The longer the time, the more unlocks, and the greater the selling pressure. Arb consistently unlocks about 92 million monthly, with around 27% of the supply unlocked by the end of 2026. This creates sustained selling pressure. 2. The ecosystem has no direct revenue and heavily relies on ETH/BTC prices, while also facing competition from Base, Op, zk systems, etc., for market share. The last round with big splashes was clearly ETH and Sui.