In this round of bull market, only Bitcoin has risen. Do you think those teams working on altcoins don't want to pump their coins? It's not that they don't want to, but it's useless to pump now—there's no one to take the offer. Even if they push the price up, they can't sell it and will still incur losses.
Whenever Bitcoin shows any movement, they actually try to set the pace, but the market doesn't react at all; no one is willing to buy. It's like performing in a dead crowd; no matter how hard you try, no one will applaud. If there were real profits to be made, those funds would definitely not hold back, after all, the higher the price goes, the more expensive they can sell.
In fact, the project teams have long understood this—it's not that they are not trying hard, it's that the market is fundamentally weak.
Everyone knows that 'it will rise only after interest rates are lowered,' so how can it rise? The market won't follow your expected patterns. It might rise before interest rates are lowered and fall afterwards.
Why don’t big institutions touch those chaotic altcoins? Because they have more reliable options. Instead of betting on uncertain projects, they would rather buy stocks of companies like 'MicroStrategy' that hold Bitcoin. As long as Bitcoin doesn't crash, these assets will rise along with it, and they are even more stable and provide more comfortable returns. If Bitcoin takes off, their gains may be even more significant.