Mainstream and altcoins are showing serious structural differentiation

1: Institutional investors dominate the capital allocation, with net purchases of BTC by institutional investors in 2024 increasing by 320% year-on-year, while the altcoin market is experiencing significant capital outflow. The "Matthew effect" of "the strong get stronger" has caused altcoins to lose important price-driving momentum.

2: After a series of high-profile events, the retail investor group has severely shrunk. On-chain data analysis shows that over the past two years, the number of retail addresses holding less than $10,000 in market value has decreased by 47%, with some investors even permanently exiting the market or turning to stable mainstream hedges.

3: Analyzing from a supply and demand perspective, altcoins are facing a serious oversupply situation. According to CoinMarketCap data, the total number of cryptocurrency projects currently exceeds 22,000, but the number of projects with real practical value is less than 5%. A large number of tokens lacking fundamental support flood the market, with bad coins everywhere. #币安Alpha上新 #以色列伊朗冲突 #美国加征关税