The current market's liquidity dependence on $BTC

far exceeds that of other tokens. After Trump's statement, although BTC's increase was not as significant as that of ADA and XRP, its trading depth and institutional holdings still dominate market direction. Data shows that the inflow of funds into BTC spot ETFs has been continuously growing, while SOL, XRP, and others lack similar product support, leading to increased liquidity differentiation. From a risk hedging perspective, BTC's correlation with U.S. stocks has decreased, gradually becoming an independent risk asset class, while altcoins remain constrained by market sentiment and leverage fluctuations. If the market falls to $70,000 due to panic, BTC will likely rebound first due to institutional bottom-fishing and ETF fund support, while altcoins may further decline due to depleted liquidity. Left-side traders can avoid the risk of a downturn during the sideways period through BTC's 'liquidity premium,' making pyramid averaging strategies more feasible in this context.