ETH is still the market core—no doubt about it. Even with today’s pullback, it’s just in the 3800-3700 range, nothing to overthink. There are a few conflicting vibes worth noting: 1. Sun’s on-chain addresses are moving a lot of ETH, transferring big amounts from HTX to Binance. Let’s be real, there’s zero chance this is to go long on ETH pairs—it’s straight-up selling. 2. The new Hyper whale got rekt shorting, then flipped long. Honestly, they stay low-key when making money, but as soon as they hit the headlines, it’s almost always a top signal. The whale’s long position is still open, so expect more chop here. 3. Cathie Wood’s three funds scooped up almost $100M in BNMR today. The BNMR shareholder lineup is stacked now, which should help ease some of the bearish sentiment in tokenized stocks. 4. Alts went wild yesterday, and today SOL is leading the charge. A lot of people see SOL as the new “doomsday machine” for this cycle. Makes sense—SOL was weak when ETH was pumping, and now with ETH cooling off, SOL’s leading means the big money isn’t ready to chase the main narrative. It’s fair to call this a sign of weakening market sentiment, but I don’t think it’ll last long. The trend is still up, and sidelined bulls are getting desperate. 5. $PUMP breaking below listing price was only a matter of time. No surprise. Besides perma-bears, no one is hyping it anymore. Even the most vocal shillers can’t move it 10% now—it’s heavy baggage. Unless you’re shorting, even if it lists on Binance spot, no one’s buying. Bottom line: leverage is down, now it’s about looking for chances to buy back ETH and get ready for the next leg up.