During the transition between bulls and bears in the Crypto Assets market, alts seem to always face downward pressure. We can observe that alts have shown a falling trend during several key periods:

1. During the four-week cycle, alts usually experience price corrections.
2. When the Bitcoin halving event occurs, alts often face selling pressure.
3. After the approval of the Bitcoin spot ETF, investors may be more inclined to allocate to mainstream Crypto Assets, leading to a loss of market value for alts.
4. The Ethereum spot ETF has passed the review, which may similarly trigger a concentration of funds towards large Crypto Assets, affecting the performance of small market cap alts.
5. When the Federal Reserve cuts interest rates by 50 basis points for the first time, the market reaction may put pressure on alts.
6. The Federal Reserve has cut rates by 25 basis points for the second time, and the alts market may still face challenges.

This phenomenon reflects the complexity of the Crypto Assets market and investor psychology. Under the influence of various significant events and policy changes, investors often adjust their portfolios, preferring assets with better liquidity and higher recognition. This has led to alts facing downward pressure at several key moments.

However, the market is dynamically changing, and other influencing factors may emerge in the future. Investors should closely monitor market trends, reasonably assess risks, and make informed investment decisions. At the same time, it is important to recognize the high-risk characteristics of the Crypto Assets market and maintain a cautious attitude.