BTC fell below 98,000, showing its declining trend. On the other hand, ETH broke through 3,300 and stood up as the backbone of the cryptocurrency circle. The altcoin finally rose. People called Ethereum a waste in the morning and awesome in the evening.
Good news, stop cursing, brothers, Ethereum has stood up. It surged by more than 300 yesterday, an increase of more than 10%.
The cryptocurrency world is really a magical place. One second I was wondering why Bitcoin was almost in six figures while Ethereum was still at 3,000. The next second it suddenly surged, with a big green column breaking through this week’s range of fluctuations and rising above 3,300. Bitcoin, as always, took the lead and stood out with a direct 5% increase.
Why has Ethereum been sluggish recently?
One view is that the reason why ETH has been sluggish for a long time is that it is now in the stage of changing dealers, and large financial institutions on Wall Street are becoming new dealers and gradually taking over the chips of previous wild dealers.
We can also get this verification from the data: In the past year, the market share of the top 100 currency-holding addresses has been on an upward trend, currently reaching 66%. Especially after the ETH ETF was approved for listing, there is a significant The increase in activity.
This shows that the concentration of ETH is actually getting higher and higher. The top addresses have been buying, but the price of ETH has not risen. What does this mean?
On the one hand, it shows that the dealer has always been there and is continuously absorbing chips; on the other hand, it shows that there is a large amount of turnover in the market. Not only are retail investors throwing away their chips, but this group of top addresses are also exchanging hands internally, that is, changing dealers.
You should know that ETH and BTC are the only two tokens with ETFs, and ETH has a very big advantage over BTC: staking income.
Once the ETF starts staking income or even re-staking, the risk-free return of at least 3% per year in currency standard is actually very attractive, especially compared with traditional financial products.
This is the untapped potential of ETH and also the potential biggest benefit.
ETH's car is too heavy
Ethereum now gives people a feeling of "washing out all small and medium- and long-term investors", mainly because its "car" is too heavy. Too many people have high expectations for it, and there is no obvious big negative in the market, so it can only be washed out gradually through a long period of washing.
Is this the end of copycats?
Looking back at the patterns of the past few rounds of copycat seasons, celebrity endorsements, community consensus, capital entry and media publicity are four indispensable elements.
◉But in this round, we did not see a strong enough altcoin ecosystem emerging;
◉Even the once star projects (such as LINK, UNI, DOT, etc.) are rarely mentioned now. If retail investors want to outperform the market in the future, they need to break out of the limitations of "gambling on cottages":
◉ Pay more attention to opportunities in core assets, such as ETH and SOL;
◉Minority investment logic: avoid meaningless chasing of rising and falling prices, and focus on tracks with higher certainty.
Summarize
Will the altcoin season come? The answer depends on your definition. If you expect a general rise in the market, it is highly likely that it is no longer possible. However, for some sectors and currencies, opportunities for capital accumulation and outstanding performance still exist. The key is to grasp the core assets, manage positions rationally, and avoid being swept up by market sentiment. Investment is like a battlefield, and the winners are often those who are calm and strategic.
