In the past, the cryptocurrency market had a classic script: Bitcoin would rise first, followed by a rotation into altcoins. The bull markets of 2017 and 2021 validated this pattern. Bitcoin became the 'bridgehead' for funds, attracting a large influx of capital, which then flowed into altcoins, driving the prosperity of the entire market. However, this model seems to have failed in 2025.

Because the market has changed.

One reason is that the number of altcoins in the market surged from a few thousand in 2021 to 12 million in 2025 (including long-tail tokens and MEME coins). The oversaturation of tokens has diluted the market, making it difficult for quality projects to stand out, while inferior projects flood the market. Another reason is that many market participants would rather become 'P-tier players' than take on these assets. The 'clearing' of the altcoin market is accelerating. With the withdrawal of institutional funds and the exhaustion of retail funds, many projects have fallen into a state of 'no one cares.'

This wave of BSC has arrived,

On one hand, attracting the market's attention,

On the other hand, bringing new vitality to the market,

Perhaps also injecting a shot of adrenaline into the sluggish altcoin market.