Bitcoin has broken 110,000, so why is the market even colder?
Because many people have missed the boat, or have already exited. This round of the bull market is a solo bull market for Bitcoin. Most players still hold the belief that investing in Bitcoin is a loss, chasing meme coins in the palace, holding a bunch of altcoins, and having no BTC in hand. Therefore, the higher Bitcoin rises, the colder the market becomes. Even if Bitcoin rises to 1 million each, it has nothing to do with them.