Bitcoin leads the rise, while altcoins wait for their turn: the phenomenon of capital concentration in the early stage of the bull market
In the cryptocurrency market, we often see a phenomenon: Bitcoin suddenly exerts its strength at a certain stage, and the price soars all the way, while other currencies seem to fall into silence, without obvious gains. This is actually a typical performance in the early stage of the bull market.
As an important driving force for the market to rise, funds often choose to focus on Bitcoin in the early stage of the bull market. As the leader of the entire cryptocurrency market, Bitcoin's trend has a significant impact on the entire market. Only when the price of Bitcoin continues to set new highs will the overall atmosphere of the market gradually heat up, thereby attracting more funds to enter and push the entire market into a bull market.
In the early stage of the bull market, since the market has not yet fully heated up and new funds have not yet poured in on a large scale, the funds in the market are limited. In this case, investors often choose to concentrate their funds on mainstream currencies such as Bitcoin to ensure the security of funds and the stability of returns. In this way, the allocation of funds to other currencies is naturally less, so compared with the surge in Bitcoin, other altcoins seem to be quiet.
