Bitcoin just doesn't drop, altcoins just don't rise, could it be that we are truly experiencing a 'false bull market'?

The funds for Bitcoin mainly come from the support of traditional large capital, while the excessive issuance, chaotic issuance, and overall rise of altcoins have drained the entire liquidity due to the trapped funds and the wealth effect on the blockchain. We can see that recently, even new coins listed on major exchanges have basically no longer had the effect of making money; they drop from the moment they go live, which is enough to illustrate that the liquidity in the market is no longer there. At this time, once Bitcoin shows a pullback, it means a complete blood loss of funds in the market. Therefore, for small coins in CEX, one should consider risks rather than benefits at this time.

That being said, even if Bitcoin continues to rise and breaks through $110,000, small coins will still be in this half-dead situation. For small coins to show improvement, there must be external funds involved, or the funds previously trapped in large market cap coins like DOGE, XRP, ETH, etc., need to flow out again. If these don't rise, it's difficult for altcoins to improve. As for the wealth effects on the blockchain, everyone needs to rely on their own abilities because they come quickly and go quickly, which is not suitable for all non-professional players. The competition is filled with full-time scientists; to compete with them, one must not only have professional skills but also enough time to study.

The conclusion is to focus on when Bitcoin will pull back at this time; all altcoins should patiently wait for a dip before participating. As for Bitcoin, the madman still believes that the temporary peak will be between $100,000 and $120,000.

Lastly, speaking of ETH, the second place supported by traditional capital is ETH. When BTC pulls back in the future, ETH may appear relatively strong compared to other coins. A few days ago, ETH just broke through this year's new high, and it is less than 20% away from its historical high. The next stage, when Bitcoin stabilizes, may be the time for Ethereum to shine. Don't forget, Trump's cryptocurrency fund's primary holding is not Bitcoin, but Ethereum, so don't doubt this certainty.