Why it is said that in the current stage of this bull market, altcoins shouldn't be viewed with a big picture perspective:

1. This round of bull market is not very innovative compared to previous ones

2. The impact of several explosive events during the 2022 bear market has dealt a huge blow to confidence in crypto, and some large institutional funds have chosen to invest in AI instead of the crypto space, making it unclear and hesitant to enter

3. Although interest rates are currently being lowered, the extent of the cuts is not very large; only with a sufficiently large reservoir of liquidity can altcoins potentially experience a major breakthrough!