Since the influx of off-market funds into the crypto market, there is no longer any distinction among altcoins; all trends are just the fireworks show of Bitcoin itself. Altcoins are like a backdrop; if Bitcoin performs well, they can also benefit from it.

Currently, Bitcoin is rising while altcoins remain stagnant; when Bitcoin falls, altcoins follow suit. The whales in the altcoin market have no desire to pump prices. Moreover, the entire market is highly influenced by news; a suggestion from Trump has directly interrupted the originally steady upward trend. Everyone seems to be walking on a tightrope; no one can accurately predict the future.

The current pullback is quite healthy; otherwise, if Bitcoin keeps rising, altcoins will lag even further, resulting in a situation where they will just give up, leading to a worse scenario in June. The greed index also reflects this issue; there has never been a bull market that lasted for over half a month without entering extreme greed. This indicates that people are not prepared at all, and the most FOMO point has not yet arrived. (However, the hope for this mini bull market relies on Bitcoin's consolidation and altcoins showing some upward movement; the performance from a couple of days ago was decent, and currently, all strategies focus on short-term trades with stop-losses.)

At this peak, in the short term, it is around 110,000, at most 120,000, but generally has a limited impact on other coins (it can also be considered as tail-end market action). Efforts to grasp this upward trend are also somewhat oblivious; if the stablecoin legislation can bring in larger funds, everything is in a state of dynamic change.