Bitcoin has risen to 110,000, yet the market is still quite lukewarm. Why is that?

In fact, many people missed this wave of行情, either selling early or simply not getting in on time. In the current bull market, only Bitcoin is rising, while other coins have barely moved. Many still believe that trading Bitcoin won't make them money, and that only trading popular small coins offers a chance to get rich quickly. They are holding onto altcoins and haven't bought any Bitcoin at all.

So no matter how high Bitcoin rises, it doesn't really matter to them, and the market naturally can't heat up. Even if Bitcoin rises to 1 million per coin in the future, those without holdings will still just be left staring blankly.