Why do BTC and ETH perform so well, yet it still feels unsatisfying?
Most people, especially those who just entered the market, come in hoping to get rich quickly and turn their fortunes around.
The current market feels like a meat bun without meat, a Benedict without an egg; unless you're really skilled at rolling over contracts, achieving several times the increase like before is very difficult.
The most comfortable situations in the crypto world are when there is a main narrative driving the market, such as ICOs, DeFi, NFTs, memes, AI agents; even inscriptions and GameFi seem good to me. It would be nice if something interesting comes up that can awaken the FOMO sentiment... I want to eat meat.
The same thing is happening in the U.S. stock market. Don't just look at the S&P reaching new highs every day; the equal-weight index still hasn't reached a new high, and it's all top stocks driving the gains, with poor breadth. But at least the U.S. stock market still has some stocks that perform like the previous meme stocks with excess gains, as well as IPO market excitement; the crypto circle feels really dull right now.
Currently, the market shows a significant MACD divergence, a significant RSI divergence, and the emotions of group members are also diverging. You can say that the market is just starting or that it's about to end; in any case, it just feels unsatisfying.