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The approval of the Ethereum ETF did not bring a big pump. Many people doubted the idea that the Favourable Information mentioned a few days ago would lead to a pullback. They believed that if most people expect a pullback, it won't happen. However, you cannot guarantee how most people view it. The fact is that most people will rush to buy when Favourable Information arrives, so a pullback is inevitable. The first wave of BTC's movement from 15,000 to 74,000 conforms to the first stage of the movement from the low point of the bear market to near the previous high. Historically, in the first stage, BTC performs better than altcoins. After BTC completely breaks through the previous high, the second stage will see altcoins perform better than BTC. Many people here conspire to say that altcoins have no future and only BTC mainstream has a future. The funds used by Market Makers to pump BTC mainstream and altcoins are not of the same magnitude. They can use a few hundred million to pump altcoins several times and make retail investors dumb buying. So why would they choose to use tens of billions to pump BTC mainstream, which retail investors cannot afford to dumb buying? Therefore, those who change positions from altcoins to BTC mainstream in all likelihood will not be able to endure the explosive rise of altcoins in the next stage of the market and will start to change positions from BTC mainstream to altcoins again. After changing positions, another round of big dumps, such as 74, 94, and 312, will hit, and they will find that they have become suckers once again played by Market Makers.
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