Further deterioration of the breadth of the US stock market. To put it simply, although interest rates will still be cut in 2025, and the stock market is still rising, it's highly likely that large-cap stocks will keep rising significantly while small-cap stocks are struggling to survive.
This is actually similar to the situation in the cryptocurrency market, where Bitcoin, due to its larger penetration rate vision (expectations of various governments buying cryptocurrencies), will continue to rise, and BTC's market share won't decrease, which means that small cryptocurrencies won't be able to increase their market share, making it tough for them to outperform Bitcoin.
If you are trading small cryptocurrencies, you need to maintain a reasonable position and take profits when you should, even if it means selling at a loss; there's no other way to view the situation.
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