What is the main narrative of this round in the entire cryptocurrency circle?

#BTC 15000➡️120000

The entire atypical bull market has lasted for two and a half years. Why is this considered an atypical bull market? Because this is a bull market that has erupted during a tightening cycle.

Excluding the overall cryptocurrency rebound from the severe drop (after the bear market in 2022) which gave rise to various narratives later debunked (L2, modularization, etc.), and excluding the super MEME season that emerged due to overall insufficient liquidity during the bull market; from a holistic perspective, there still isn’t anything exciting in the main narrative within the crypto space. This round of the bull market can basically be defined as a “capital bull” led by the United States after the East-West transfer in the 20-21 season.

The characteristic of such a bull market is that altcoins will experience rebounds after every small-level trend, while Bitcoin continues to soar.