$ETH Ethereum's trend actually hasn't broken below the high of the big bullish candle on January 12th, but altcoins have long since collapsed collectively and hit new lows. Currently, market capacity continues to shrink, and the main players' eating habits are indeed a bit ferocious—drilling the retail investors' chips to the bone. Fewer and fewer new players are entering the market, and veteran players' ammunition is also running out. At this rate, this market will eventually become institutionalized like the US stock market, and retail investors will be basically out. But then a new problem arises: will institutions really buy those overhyped, practically useless shitcoins? The answer is obviously no. From this logic, the biggest opportunity in 2026 might actually be to short all altcoins outside the mainstream coins—air coins returning to zero is a high-probability event.