#山寨币突破 According to the latest market analysis, the total market value of altcoins has surpassed the critical resistance level of **$1.23 trillion** (a new high since March 2025), confirming a trend reversal with the following technical characteristics:

1. **Upward Target**: The head-and-shoulders bottom pattern indicates a target range of **$1.55-1.60 trillion** (approximately a 25% increase from the current level), with weekly volume breaking through support momentum continuing.

2. **Capital Rotation**: After high-level fluctuations in Bitcoin, capital has flowed into mid to low market cap altcoins (such as Kaspa, VeChain, etc.), focusing on technological implementation and undervalued assets.

3. **Institutional Dominance**: The process of compliance (such as expectations for XRP and SOL spot ETFs) and corporate asset reserves (BNB, HYPE, etc.) are driving structural opportunities, but differentiation is intensifying, and caution is needed regarding low liquidity project risks.

**Short-term Trend**: If BTC.D (Bitcoin's market cap ratio) falls below 60%, the altcoin season may fully explode; conversely, the pressure for a pullback will increase.