Why is it said that Bitcoin needs to break through the $100,000 mark again for altcoins to experience a significant surge?

The $100,000 mark for Bitcoin has become an important psychological anchor in the crypto market, which can be seen from the behavioral logic of institutional investors—multiple venture capital firms' research reports indicate that when BTC breaks this threshold, its asset attributes will accelerate the evolution towards the 'digital gold' value storage paradigm. The structure of market liquidity may therefore undergo significant differentiation: mainstream tokens will exhibit a stronger liquidity siphoning effect, while the explosive period for altcoins may only truly arrive after BTC completes a critical breakthrough.

From the perspective of market evolution logic, the emergence of two altcoin seasons in March and November 2024 essentially represents a paradigm shift window formed by Bitcoin breaking its historical high. When BTC breaks through previous highs, it not only breaks a two-year psychological shackles in the market but also triggers professional institutions, including quantitative funds and market makers, to adjust their asset allocation strategies. These market participants, who possess strong pricing power, tend to prioritize liquidity depth, fundamentally reshaping the value of the altcoin market.

The current liquidity contraction in the market is concerning; on-chain data shows a continuous outflow of total market value from stablecoins, and CEX spot trading volume has shrunk to deep bear levels. This funding pressure creates a negative cycle with market confidence—institutional investors, lacking clear price coordinates, tend to maintain low-risk exposure.

Therefore, breaking through the integer threshold for Bitcoin not only has technical significance but more importantly, it builds a new market consensus; this confidence premium can often leverage a funding effect of 5-10 times the actual liquidity. From the perspective of behavioral finance, when FOMO emotions resonate with market makers' liquidity supply, the market will enter a true value reassessment phase.