#大户持仓动态 The bear market signals are already here. How deep can this correction go?

Last night, the US stock market kicked off a dramatic show—amid intense volatility, many investors were quickly forced out. Ethereum was the most exaggerated; after a sharp rise, it turned around and plunged 8%, a textbook example of a trap set for late buyers.

The underlying drivers are quite clear: recent non-farm payroll data exceeded expectations, coupled with signals of potential rate hikes from the Bank of Japan, causing a rapid decline in risk appetite. The US dollar index rebounded, and funds flowing into risk assets started to exit. This is the most testing time for investor psychology—many bought at the high points and are now trapped.

The real opportunities are hidden within the volatility. If mainstream coins can establish new support levels, that’s an entry point; otherwise, if they continue to break down, altcoins should stay away. This market tests whether you can hold your position and remain rational amid panic.

The most important thing to watch now is whether Ethereum can hold steady at its key support—stability here offers a rebound opportunity; a breakdown warrants caution. $ETH 's performance will determine the short-term direction of the secondary market.