The market's desire and restlessness for a bull market in altcoins is almost palpable. In the eyes of many investors, the historical script has already been written: Bitcoin leads the charge, followed by Ethereum, and finally welcomes the jubilant celebration of altcoins. They hold their breath, waiting for the starting gun to go off.
However, this cycle has clearly deviated from the old track. Bitcoin's dominance continues to rise, Ethereum is nearing its historical high, but the overall altcoin camp remains sluggish.
These institutional players with substantial capital have investment logic that is starkly different from that of retail investors in the past. What they bring may not be a indiscriminate carnival. Therefore, what we are about to welcome may not be the feast from memory, but a dinner that requires strength to gain entry.