$ETH 在本轮牛市有两个关键节点，一个是通过ETF，一个是以Tom Lee 为首真金白银购买以太坊的微策略(华尔街)。这两个关键节点都没让以太坊出现像过去一样显著领先比特币的上涨。如果你是一个老韭菜，你应该很清楚，17年比特币在12月触顶后、21年比特币在4月触顶(一顶)后以太坊的上涨幅度。α可能消失了

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$ETH There are two key moments in this bull market: one is through ETFs, and the other is the micro-strategy led by Tom Lee, who bought Ethereum with real money (Wall Street). Neither of these key moments led to Ethereum's significant outperformance of Bitcoin as it has in the past. If you're an experienced investor, you should be very familiar with the magnitude of Ethereum's rise after Bitcoin peaked in December 2017 and in April 2021 (the first peak). Alpha may have disappeared.

This trader made a total of 48 predictions of market movements within 15 minutes, earning a net profit of $80,000 in one day.

Earning $80,000 a day, this top player treats Polymarket like an ATM.

Written by: Mahe, Foresight News
Solana, one of the most successful public blockchains, is also facing a winter.
Since the market crash on February 5th, Solana's token SOL once fell to $67, a new low since December 2023. As of now, SOL is currently priced at $80, a 24-hour drop of 3.57%. Looking at the monthly chart, SOL has been declining for five consecutive months since its October 2025 high, with a maximum drop exceeding 71%. The most well-known aspect of this ecosystem...

Meme wanes, narratives cool: Solana's cyclical boom ends as it falls below $80.

Original Author: He Hao, Wall Street Insights

On Thursday, US stocks plunged, with the Nasdaq falling over 2%. Some traders sold precious metals to offset losses in the stock market, causing gold, silver, copper, platinum, and palladium to decline sharply. The US dollar index rose slightly.

Amid renewed concerns about whether massive investments in artificial intelligence can truly be implemented on a large scale, US tech stocks declined. Metal prices suddenly fell due to suspected algorithmic trading selling, forcing some investors to exit commodity positions, including metals, to obtain liquidity, while some funds turned to US Treasury bonds for safety.

Spot gold fell as much as 4.1%, and silver plummeted 11...

Gold fell more than 4% at one point, and silver plummeted 11%, as a sharp drop in US stocks triggered a sell-off in algorithmically traded precious metals.

21年底很多人执念于牛市还没有结束，除了以前讲过的那些因素之外，还有一个重要因素就是过去以太坊对于比特币的上涨α让他们觉得以太坊还会创新高，尤其是翻倍左右的新高(重复过去的α)，并且在以太坊的带领下迎来万币齐飞的山寨季。21年底没迎来后，他们又各种刻舟祈祷22年。
21年底恰恰是以太坊的拐点

At the end of 2021, many people were convinced the bull market wasn't over. Besides the factors mentioned before, another important factor was Ethereum's past alpha against Bitcoin, which led them to believe Ethereum would reach new highs, especially around doubling (repeating past alphas), and that Ethereum would lead a surge in altcoins. When this didn't happen at the end of 2021, they began hoping for 2022.

The end of 2021 was precisely the turning point for Ethereum.