Is this bull market insane? Bitcoin is soaring, while altcoins seem to be on strike? Is the 'altcoin season' really over?
In this round of the market, many people are confused: Bitcoin has broken through historical ceilings, charging ahead; altcoins seem to be paralyzed, completely immobile. What happened to the promised 'altcoin season'? Not even a shadow in sight?
Where did the money go? The answer is quite painful: it was all taken away by Wall Street!
The Bitcoin spot ETF has emerged, with a staggering influx of $129 billion this year; institutions that once called Bitcoin a 'Ponzi scheme' are now scrambling to buy ETFs. The problem is— they only want Bitcoin, and altcoins? They are simply ignored!
The pain doesn’t stop there:
⚡ Hot money is not flowing into altcoins, but rather into trading various meme coins, pumping and dumping, while retail investors are caught off guard;
⚡ Altcoin projects are also going crazy; those that can tell stories about RWA or AI can scrape by, while other coins haven't made a splash;
⚡ The SEC is refusing to give the green light for altcoin ETFs, without institutional funds coming in, how can they rise?
Now let's look at retail investors: the crash in 2022 scared them to death, and they have become wiser—only holding Bitcoin, passively accumulating, no one is calling for 'hundredfold altcoin myths' anymore. The result is dismal trading volume, zero social heat, and altcoins are even quieter than bubble tea shops.
There are nearly 15,000 cryptocurrencies on the market, most of which are 'zombies', with no one willing to take them over. Coupled with projects like Arbitrum unlocking crazily, it's a miracle if prices don't continue to lie flat.
The previous script was: Bitcoin consolidates, funds overflow into altcoins. But this time Bitcoin has soared to $100,000, and money is still firmly sticking to the mainstream. Why? Because funds have started to recognize 'value', only seeing tracks with tangible expectations—such as Ethereum upgrades, RWA, AI, while the remaining worthless coins can’t even attract retail investors.
In the past, it was 'the rising tide lifts all boats', now it's 'the strong get stronger'; those who can tell stories and have institutional backing still have opportunities; as for the remaining junk coins, stop dreaming of getting rich!
Finally, I wish everyone who likes, saves, and follows this article can reap rewards in this bull market!
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