What about the promised "altcoin season"? Bitcoin has soared, but those once-crazy small coins seem to have been put on pause, completely failing to keep up with the pace! Is it the market that has changed, or are we too naive?
Where did all the money go? Institutional大佬's "money-sucking magic"
This bull market is different from before - the money has all been intercepted by Bitcoin ETFs! The Wall Street guys used to think Bitcoin was "rat poison", but now they are scrambling to buy ETFs, pouring $129 billion into them in 2025 alone. The problem is that they only recognize Bitcoin and don't bother to look at altcoins at all. The result is: Bitcoin is rising higher and higher, and small coins can't even get a sip of soup...
Do you think funds will obediently flow to altcoins? You're too naive! All the hot money is now playing "one-day tours" - rushing into various Meme coins (like those "earth dog" coins on Pump.fun), pumping and dumping within a few days, and retail investors get trapped as soon as they enter. What's even more heartbreaking is that altcoins are also divided into different classes. Those supported by institutions like RWA can still rise, while others just lie flat and play dead...
In a high-interest rate environment, everyone is cowardly, preferring to buy Bitcoin as "digital gold" and dare not touch high-risk altcoins. Even worse, the SEC ignores altcoin ETFs, and institutional funds cannot enter at all. Without big players to support them, how can small coins fly? Difficult!
Retail investors are also collectively "Buddhist" (nonchalant), FOMO (fear of missing out) emotions have disappeared. The crash in 2022 scared everyone, and now retail investors have learned to be smart - they only buy Bitcoin and don't touch altcoins! Google search volume is low, and social media no longer has the crazy hype it used to have. If no one takes over, how can altcoins rise?
There are 15,000 kinds of altcoins on the market now, even more competitive than bubble tea shops! Except for AI and RWA, which have stories to deceive some funds, the rest are all "zombie coins" that no one plays with at all. In addition, projects like Arbitrum are unlocking and selling like crazy, so it's no wonder prices can't rise...
In the past, when Bitcoin consolidated, funds would rush into altcoins and speculate wildly. But this time, Bitcoin has stabilized at $100,000, but funds haven't rotated into altcoins for a long time. Why? Because everyone now values actual value, such as Ethereum upgrades and institutional endorsements of RWA, instead of blindly going all-in on garbage projects!
So, is the altcoin season completely over? Not really! It's just that the gameplay has changed - it used to be a chaotic dance, but now only "top students" have a chance. Ethereum Layer-2, RWA, and AI tracks still have potential, but want to get rich by speculating on air coins? Wake up, this market doesn't buy it!
To sum up: It's not that altcoins are failing, but that the market has become smarter. Want to make money? You have to learn to pick real "potential stocks", instead of blindly rushing in... $BTC $ETH $BNB #币安HODLer空投PLUME #加密市场回调 #俄乌冲突即将结束？ #山寨季何时到来？
