Recently, the market share of $BTC has risen to nearly 64%, a high point not seen in recent years. Simply put, most of the money in the crypto space is currently being used to buy Bitcoin, while altcoins are hardly being touched, making the market feel quite conservative.
You can think of it as a class of 100 students trading cryptocurrencies, and now 65 of them are all betting on Bitcoin, while the remaining 35 are playing with Ethereum, Dogecoin, and various altcoins. This indicates that everyone is more willing to hold onto 'safer' coins and is hesitant to make risky moves.
Interestingly, historically, every time the market share of $BTC is this high, altcoins tend to 'wake up' quickly. For instance, back in 2021, when BTC's market share surged to 70%, it wasn't long before Dogecoin and Ethereum multiplied several times; the same happened last November when BTC accounted for 60%, which triggered a mini bull market.
So right now, it is very likely that: $BTC has already led a surge, while altcoins are still 'playing dead', but in fact, they are building up energy. Once $BTC can no longer rise or starts to move sideways, funds may begin to flow into altcoins, and we could see a collective rebound in altcoins.
For ordinary people like us, at this stage, it’s better not to get overly excited and chase Bitcoin at high prices, let alone go all in on altcoins. We can pick some recent trending sectors like #AI, #ZK, and #RWA, and first take small positions to lay down some groundwork, waiting for the wind to change.
The current market feels like the calm before a storm; the quieter it is, the more likely it is that opportunities are approaching. Those interested in spot trading without direction can pay attention to
