I summarized the views of major top traders, and currently, most traders' opinions are quite consistent: the market needs a period of adjustment in the short term. Everyone is still relatively optimistic about $BTC overall, but the attitude towards alts is generally pessimistic, with most in a risk-averse mode. Except for a few mainstream alts, most are considered to be entering a bear phase. Although this sounds a bit cliché, I still want to remind you again— the risks of alts should not be underestimated; if you choose the wrong coin, even holding Spot could lead to losses.

Now many alts are left without buyers, which is quite awkward. The alts that can be purchased now are either mainstream coins like ETH or $SOL that have ETF expectations, or projects like $HYPE that have revenue and repurchase mechanisms.
I actually don't think the market will immediately turn bearish, but this stage is indeed not suitable for aggressive operations, so my position is very light, currently with less than 6 layers of Spot, mainly in mainstream coins. If it drops a bit more, I might add some more Spot, but I won't leverage; I will still prioritize stability.

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