What does it take to bottom fish in a bear market? Simply put, it's about betting on certainty.

Let's see how institutions are playing their cards: BTC is their ballast, they’ve been accumulating at low costs early on, and their unrealized gains are quite stable. In contrast, ETH has many institutions standing guard at high levels, facing pressure to reduce their positions. The difference is significant.

From a fundamental perspective: BTC is synonymous with digital gold, and this consensus is unshakable. As for ETH? Its fate as a technical product is threatened by internal competition and AI-driven diversification, which reduces its certainty.

The easiest trap for retail investors—small capital, unable to withstand ETH’s uncertainties—any slight fluctuation can crush their confidence. On the other hand, large funds can endure even longer cycles.

So, the logic for bottom fishing in a bear market is clear: **Prioritize buying BTC first, and only consider ETH once institutions have truly stabilized**. Don’t overthink liquidity; following the path of certainty is the safest bet.