The market has seen a situation where Bitcoin hits new highs while altcoins hit new lows, which is actually a normal condition. According to past patterns, Bitcoin often reaches its price peak more than a month earlier than Ethereum, after which funds flow back to altcoins, leading to a collective surge in altcoins. The bull markets of 2017 and 2021 followed this trend; although the process was quite grueling at the time, altcoins surged dramatically a month later, often with dozens of times increases.

The flow of funds operates similarly to interest rate cuts, first flowing into core assets like US stocks, and then gradually spreading to other investment targets, showing a pattern of expansion from large to small.

Yesterday, MicroStrategy announced it would issue $2.6 billion in convertible preferred notes to increase its Bitcoin holdings, which caused its stock price to rise sharply and it continued to purchase Bitcoin through stock pledges, creating a “left foot stepping on right foot” cycle of increasing prices.

Currently, Bitcoin's price is relatively stable, while altcoins are continuously declining. I hope everyone can maintain their composure and get through this period of sluggishness together. After all, the most difficult seven months have already passed; if we persist, we might just welcome victory!