From my perspective, the crypto market has not yet reached the real bullrun season, the big wave is still ahead.

In the recent period, Bitcoin broke its peak, making the community think that the crypto market will continue to bull with BTC, but if you look closely at the entire market capitalization, TOTAL and especially TOTAL2 have not yet surpassed the old peak.

This is because the money that has long flowed into the crypto market is mainly destined for Bitcoin through ETFs.

ETF cash flow can only flow in/out of Bitcoin alone, so other coins do not receive much value. It also explains why Bitcoin has peaked while Ethereum, TOTAL, TOTAL2 have not yet peaked.

I believe that the big wave for the entire crypto market is still behind. ETF and the growth story of Bitcoin and memecoin will be great media materials to attract attention. But before that, give them some time to understand and learn how to use DeFi after being approached through traditional trading tools.

We're still early!