The fundamentals of Bitcoin are continuously strengthening. Bitcoin is increasingly showing characteristics of a safe-haven asset.
1. Bitcoin price resilience is increasing:
- It is unlikely to fall below the key support level of $90,000
- The characteristics of traditional bear market cycles may change
- The probability of a historic 70% level deep correction is decreasing
2. Significant differentiation in the altcoin market:
The current market is fundamentally different from the comprehensive altcoin season of 2021:
✅ Funds are becoming more rational, showing sector rotation characteristics (e.g., the AI sector performed outstandingly in the first half of the year)
❌ A comprehensive bullish market is unlikely to occur
✅ Only high-quality projects with real fundamentals can continuously attract capital
3. Changes in liquidity structure:
- Current quarterly trading volume of altcoins is approximately equal to the annual trading volume of the previous period
- Market total capacity growth is limited while token supply surges
- Average liquidity per project is significantly diluted
- This leads to increased market volatility, with tokens moving quickly up on exchanges
🌟 Core conclusion:
In this new cycle, selecting targets is more important than chasing beta. Investors need to pay more attention to:
- The allocation value of Bitcoin as a core asset
- Leading projects in niche sectors with real innovation and fundamentals
- New gaming opportunities brought by changes in liquidity structure
