ETH's resilience highlights market sentiment, presenting a good opportunity for Bitcoin's monthly cycle
Recently, the cryptocurrency market has shown distinct structural differentiation. Against the backdrop of Bitcoin (BTC) retracement, Ethereum (ETH) has demonstrated strong resilience, with the ETH/BTC exchange rate having rebounded strongly above the 0.03 level. This key signal indicates that market funds are shifting from leading assets to ETH, which has ecological support, significantly enhancing confidence in fund holdings.
On-chain data further corroborates this trend: whale addresses have not panicked and exited due to market fluctuations; rather, they have continued to accumulate spot positions using the current price window, showcasing long-term capital's firm optimism for the future market. Meanwhile, high-quality altcoin sectors have shown relatively good resilience, maintaining overall rhythm in sync with the broader market, without irrational "stampede-like" declines.
From a cyclical perspective, Bitcoin's monthly level has completed a deep correction in the past five months. This pattern of "rapid decline and rapid adjustment" has, to some extent, compressed the bottom-building time, providing a valuable layout window for those missing out or yet to establish positions.
From a strategic standpoint, it is advisable to adopt a phased position-building strategy at this stage while strictly managing positions. It is important to clarify that market liquidity remains the core variable constraining the height of subsequent trends. Trends can be analyzed, but precise predictions are not possible; rationality and patience are the only passports to navigate through cycles.