Why is it said that Bitcoin must once again surpass the $100,000 mark to welcome a significant rally in altcoins?

The $100,000 threshold for Bitcoin has become an important psychological anchor in the crypto market, as evidenced by the behavioral logic of institutional investors—research reports from several venture capital firms indicate that when BTC breaks through this threshold, its asset attributes will accelerate the evolution towards the 'digital gold' value storage paradigm. The market liquidity structure may thus experience significant differentiation: mainstream tokens will show a stronger liquidity siphoning effect, while the explosive cycle of altcoins may only truly arrive after BTC completes a key breakthrough.

From the perspective of market evolution logic, the emergence of two altcoin seasons in March and November 2024 essentially represents a paradigm shift window formed by Bitcoin breaking through historical highs. When BTC breaks through previous highs, it not only breaks the psychological shackles that have persisted for two years but also triggers professional institutions, including quantitative funds and market makers, to adjust their asset allocation strategies. These market participants, who possess strong pricing power, often prioritize deep liquidity, which fundamentally reshapes the value of the altcoin market.

The current liquidity contraction in the market is concerning; on-chain data shows that the total market value of stablecoins continues to flow out, and CEX spot trading volumes have shrunk to deep bear levels. This pressure on capital creates a negative feedback loop with market confidence—institutional investors, in the absence of clear price coordinates, tend to maintain low-risk exposure.

Therefore, Bitcoin breaking through the integer threshold not only has technical significance but, more importantly, builds new market consensus. This confidence premium can often leverage a fund effect of 5-10 times the actual liquidity. From the perspective of behavioral finance, when FOMO (Fear of Missing Out) sentiment resonates with market makers' liquidity supply, the market will enter a true phase of value reassessment.