#山寨 #山寨季 A few days ago, I saw someone say they couldn't understand why the bull market was only a bull market for Bitcoin, while Bitcoin remained at a high level and altcoins were lying on the floor. Here are my views: It is true that the amount of capital in a bull market enters the crypto space by several times or even dozens of times, but it is ultimately limited, not infinite. The overall market cap of altcoins has also increased by several times or even dozens of times. However, altcoins have been continuously issuing new tokens, and the number of tokens has increased by hundreds of times. There is only one Bitcoin, so we should consider all altcoins as a whole in comparison to Bitcoin, rather than thinking that each altcoin will increase by several or dozens of times. The more tokens there are, the fewer high-quality coins will see significant increases, while most other coins are bound to decline.