I looked at the escape top indicators compiled by CoinGlass. Currently, the various top model indices for BTC have not yet reached an absolute peak, but escaping the top means to withdraw while fighting; as long as it is confirmed to be the late stage of a bull run, selling in batches is fine. No one can sell their entire position at the highest point. Those who believe that the crypto world is becoming like the stock market, where large funds and institutions only recognize BTC, think that BTC has entered a long-term bull run (, and thus continuously leverage BTC ) should also be cautious. The stock market and BTC will inevitably experience bear market-level pullbacks in 2025-2026. The situation where ETH drops 30% in a single day on the 2nd or 3rd is also unavoidable for BTC at that time, due to the leverage and human nature of the secondary market. BTC and ETH only do not have the risk of dropping to zero; they have good defensive and anti-fall characteristics.