Why didn't this round of Bitcoin bull market in 2025 trigger an altcoin season?
Because the logic has changed. The funds coming in through ETFs are only focused on mainstream coins like Bitcoin, with no spillover effect.
Moreover, many of the institutions that have entered this round are not like those in the past who caused turmoil in the crypto space; instead, they are purely allocating some Bitcoin, Ethereum, etc., from an investment perspective.
Their investment preference is Bitcoin, which has value support and enough consensus, and their strength is sufficient to support Bitcoin's market value, seeking certainty in risk.
In fact, when ordinary investors choose other coins because the price of Bitcoin is too high, they may end up buying Bitcoin precisely because of its high price, as to some extent, price represents value.
If you are calm and patient enough to review, you will find that many previous hot sectors were driven by emotion, with little real money involved. The liquidity in the market has always been insufficient, especially evident in altcoins.
Do you think these institutions will speculate on other coins after buying Bitcoin? In reality, they buy Bitcoin and hold it without movement, aiming for cycles lasting several years or even over a decade, similar to hoarding gold.
The times are evolving; the present and the past are two different concepts, so we must follow the trend and change when necessary!
