Open your positions, take a look yourself—are you still holding ETH?
This round of the bull market is more than halfway through; others are feasting on Solana while the lesser coins are just sipping soup. This once-great asset in your hand can’t even catch a bit of the heat now.
L2 has been hyped for two years, but what has it produced? Arbitrum, Base, OP—daily active users are tens of times that of the mainnet, and their revenue is hundreds of times more. They pay that little DA fee to the mainnet, which accounts for less than 5% of their total revenue.
It used to be Ethereum raising a son, but now the son is feasting while the father is just smelling the aroma.
What about ETFs? Grayscale has been selling for half a year, and it's about to hit rock bottom at this address. BlackRock's little holding hasn’t moved in three months. Where is the billions of dollars in institutional funds you’re waiting for? Isn’t it more appealing for them to buy US Treasuries for 4.5%? Why would they step in to pick up the pieces?
Let’s talk about developers. In 2021, six out of ten projects chose Ethereum; now it’s less than three. Base, Solana, Sui, Berachain—builders are not stupid; they know where there are users, where they can make money, and where the popularity is. They are clearer than you.
The community is tired too. Previously, upgrades were FOMO’d three months in advance, and the entire network was buzzing with EIP. Now Pectra? Do you remember what Pectra is?
It’s not that the technology doesn’t work; it’s just that everyone is really too lazy to talk.
An asset has stood on the stage for eight years, and everyone respects it, but nobody wants to stay up late for it anymore.
If you’re not shorting now, what are you waiting for?
Are you waiting for the market cap to drop to single digits?
Are you waiting for Solana's market cap to truly push it down?
Are you waiting for that guy you went all in with in 2021 to finally sell at the break-even line?
The line has been drawn for half a year.
Just keep your short positions; you don’t need to watch the market every day.
Don’t wait until it breaks down and then comment three words:
“Still shorting?”
#ETH #ShortEthereum #L2FeastingMainnetSippingSoup
#NarrativeIsOld #BuilderHasRunAway #CommunityIsTired