The bull market of BTC! Altcoin season? Please be rational! Personal opinion: staying in cash determines your mindset; the market's behavior is the result of a tug-of-war between bulls and bears, not influenced by the personal will of Xiaofu.

The total market capitalization of cryptocurrencies is currently $3.76 trillion. The last round of quantitative easing pushed it to about $30,000. So how much liquidity is needed to spark the arrival of altcoin season?

This month, two major projects continue to harvest liquidity: PumpFun and WLFI.

The market has entered an era of cognitive stratification: institutions play with Bitcoin, whales play with altcoins, and retail investors play with illusions. When Bitcoin dances at a new high of $117,000, the epitaph of altcoins only has one line: Here lies the last batch of liquidity.