BTC Independent Bull Fluctuations: How to Resolve the Dilemma of Altcoins?
The current high-level fluctuations of BTC resemble a process of profit-taking digestion, which does not require excessive interpretation; we should simply wait for the market to clarify. Long-term positions in ETH remain unchanged, while the altcoin market essentially remains in a bear market rebound - liquidity in the market continues to be tight, and most cryptocurrencies, except for BTC, are underwhelming, creating a distinctly fragmented 'independent bull' pattern.
Traditionally, BTC is viewed as the barometer of the crypto space, but the logic has now changed: as BTC becomes a national reserve asset, its pricing logic escapes the native realm of the crypto circle, while altcoins remain trapped in a liquidity trap within the circle. This differentiation creates a peculiar phenomenon: the bull and bear cycles of BTC are gradually decoupling from the performance of altcoins, and the once-cohesive relationship of 'all prosper or all perish' is disintegrating.
At this current juncture, rather than debating whether an altcoin bull market is coming, it is better to face the market reality: when BTC completes its 'escape from the circle' transformation, the breakthrough point for altcoins may be hidden in overlooked corners - every restructuring of liquidity in dire situations could give birth to new opportunity windows.