The big pancake has finally broken through 122,000, but it feels a bit hollow, more like it's being driven by the frenzy of ETH's surge. After all, ETH has drawn almost all the attention and funds in the market, with ETFs and company buybacks, the drama continues.

BTC's market cap share has dropped below 60%, which is a subtle signal. This means that the main character in the market is not it for the time being, and the calls for a 'shitcoin season' are getting louder, with funds clearly looking for higher beta assets.

So don't let the new high of the big pancake cloud your judgment; it now looks more like an emotional indicator. Next, it may enter a period of volatility, making way for ETH and a host of altcoins. Hold onto strong altcoins tightly, and don't be easily deceived by the big pancake's feints.