As Bitcoin breaks through 110,000 USD, the market atmosphere appears increasingly bleak.
Behind this phenomenon is the reality that a large number of investors have missed out or exited too early — this round of the bull market is characterized by Bitcoin's 'solo charge', with many players still adhering to the idea of 'investing in Bitcoin is a waste, go all-in on meme coins.' Their holdings are primarily in altcoins, lacking BTC assets in hand.
Therefore, the greater Bitcoin's gains, the lower its correlation with these types of investors; even if the future price rises to 1 million USD, it will be difficult to spark their enthusiasm for participation.
