This bull market is truly a love-hate relationship—Bitcoin has surged to 110,000, but the old hands in the crypto circle aren't feeling happy. Why? Because aside from Bitcoin performing, all other coins are just lying dormant! What does everyone come to the crypto world for? Isn't it just to find a hundredfold coin to change their destiny? In this current situation, even touching the hair of altcoins is impossible. Ultimately, it's still a matter of the market lacking funds. Just look at how timid the Federal Reserve is right now; with Trump swinging the tariff stick, inflation can’t be suppressed again. Lowering interest rates? Don't even think about it! Interest rates continue to stand guard at a high position, and hot money dares not enter the market at all. Bitcoin can rise all thanks to its dual personality—acting like gold in troubled times and like stocks in prosperous times. But altcoins and meme coins are in a dire situation, purely casino chips; without money, who will take over? Right now, this market is like constipation; after Bitcoin rises, it occasionally doles out a little broth to altcoins, but after just a 10% rise, it loses steam. The funding pool is just this big; Bitcoin has sucked away 80% of the liquidity, leaving the remaining altcoins to play pass-the-parcel. If you ask me, unless the Federal Reserve suddenly loosens its grip or Trump pulls off some black swan event, this bull market is very likely to turn into a bizarre combination of 'bullish Bitcoin + bearish altcoins.'