From February to March, the entire market has been focused on BTC and ETH

It is widely expected that they will crash sharply
And it’s speculated that the bottom of this market cycle is at 40,000 or 50,000
The market consensus is so intense it’s astonishing
Now, as we enter April, the market has reached a critical moment for choosing a direction
This unusually high level of unanimity makes me grow wary
It makes me think of when BTC was at 120,000
The market consensus was that it would surge to 150,000 and even 200,000
But instead, it ran into the “1011 Black Swan Event,” plunging
Léon Bourgeois points out in 《The Crowd》
When isolated individuals gather around a common goal, they form a “psychological crowd”
At this time, individuals’ independent thinking ability drops sharply
Thoughts and emotions are replaced by the crowd’s “collective psychology,” becoming blind, impulsive, and carried away by the group consensus in the market #Gate上线Pre-IPOs