Why did the altcoin surge to 3968 in the morning while Bitcoin remained stagnant?
The surge was mainly due to institutional funds concentrating on buying spot and increased financing demand for crypto stocks, while BTC is facing profit-taking pressure at the high of 120,000 USD, coupled with market funds being diverted to altcoins, resulting in BTC temporarily not keeping up with the pace.
Daily focus: OM SUI SOL FUN BTC