The current altcoin sector is diverging from Bitcoin's trend: while Bitcoin is slightly rising, altcoins are generally pulling back. The core reason lies in the market's divided opinion on the $110,000 resistance level—some funds are concerned that the "bull market has peaked" and are hesitant to aggressively push altcoins higher. However, a turning point is brewing:

⏺️ETF application window: In the second half of the year, several mainstream altcoins will apply for U.S. spot ETFs. If approved, this will attract institutional funds into the market and boost the altcoin sector;

⏺️Bitcoin breakout catalyst: Once Bitcoin stabilizes above $120,000, market consensus will quickly coalesce, and funds will spread towards quality altcoins that are undervalued. It is important to remain cautious and avoid purely speculative tokens, focusing instead on coins with actual applications.

At this current juncture, Bitcoin is in the early stage of traditional funds entering the market. With the pilot program in Hong Kong advancing, expectations of interest rate cuts from the Federal Reserve rising, and corporate allocation trends deepening, $110,000 is by no means the endpoint of this bull market.$BTC