$ETH Ethereum's trend actually hasn't broken below the high point of the big bullish candle on January 12th, but altcoins have long since collectively blooded out and hit new lows. Currently, market capacity continues to shrink, and the main players' eating habits are indeed a bit ferocious—gnawing on retail investors' chips and draining them dry. Fewer new players are entering the market, and veteran players' ammunition is also running out. At this rate, the market will eventually become institutionalized like the US stock market, with retail investors basically pushed out. But then a new question 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 highly probable event.