Looking back at my predictions at the end of January regarding the macroeconomy, liquidity, and the overall performance of safe-haven and risky assets, they have all come true. I just didn't expect it to come true so quickly; I thought it was a longer-term trend. Now, patience is especially needed – buy the dips is not about how much the price has fallen, nor about how much time has passed, but rather about certain signal indicators predicting that the rate of change (i.e., the second derivative) of future liquidity or fundamentals (productivity, performance, and future performance) is approaching 0, which is the so-called "trend reversal". BTC is relatively simple; you only need to look at liquidity because BTC is at the tail end of the liquidity hierarchy and always reacts most positively to liquidity. ETH and SOL, on the other hand, need to be considered in conjunction with their respective ecosystems and where their future narratives will unfold. Simply put, consider which ecosystem stablecoins, RWA, and AI will be more prevalent in. Furthermore, the decline is far from over. Welcome to the bear market, finally.