The price of Bitcoin is approaching 100,000, why are the imitators not following? The current market logic is clearly different from the past; the era of multiple cryptocurrencies soaring seems to be history.
Now, the market is severely stratified, and large funds tend to favor safe-haven assets, especially Bitcoin. This has led to most new funds flowing into Bitcoin, creating a stark contrast.
New funds from outside the circle: focusing on Bitcoin and a few mainstream assets. Small funds within the circle: chasing short-term high-yield MEME coins, going wherever there is a profit effect. Interestingly, newly launched MEME coins often see a sharp rise immediately after their launch; conversely, so-called 'value coins' tend to decrease in price. This phenomenon fully illustrates the short-term funding trends and risk preferences in the market.
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