Currently, Bitcoin's market share has exceeded 64.6%, reaching a new high since February 2021. This data reflects the level of dormancy in the altcoin market, but it also indirectly suggests that the market is about to hit a bottom and rebound.

Generally, when Bitcoin breaks through key levels, altcoins will experience a rebound. For example, when Bitcoin broke through 90,000, 95,000, and 100,000, altcoins saw a strong rebound. So, for this round of altcoins to truly return to a bullish trend, we need to wait for Bitcoin to break through key positions.

It is worth noting the altcoin projects that are applying for ETFs. Last night, the newly appointed SEC chairman took office. Currently, there are 72 ETFs awaiting judgment, which include a total of 15 altcoins. The previous delays may have been waiting for today. A large batch of altcoins should pass the ETF soon, making this sector absolutely worth investing in.

Currently, Bitcoin is steadily in the bullish inflation phase, while many altcoins have entered historically low ranges over the past few months, with trends clearly entering a bear market. However, this trend may be temporary. As long as the front of the vehicle is moving upward, no matter which direction the back is currently facing, it will eventually catch up, so there's no need to worry.

ETH is still consistently underperforming. ETH/BTC continues to hit new lows, and ETFs were still in a net outflow state last night. It is reported that Galaxy Digital has already swapped ETH for SOL, and many whales from the ICO era are also selling off. These are not good signs. Now we just have to see when the staking ETF will come out and the effects of the Pectra upgrade on May 7.