Talking about the altcoin market:

Ethereum has only been good for a few days before being knocked back to reality:

The ETH/BTC exchange rate hasn't rebounded in the past week, having fallen below 0.034. I checked, and this is already at the level of 2021. In previous bull market conditions, this exchange rate should have been rising, so it seems that ETH has indeed lagged behind this year. This further indicates that the traditional altcoin bull market hasn't appeared yet. I can only say that those holding ETH and altcoins have worked hard; Ethereum, as the leading altcoin, is not performing well, and the performance of other altcoins is even harder to describe.

This is the current state of the altcoin market. I saw an old friend say that the market is now dominated by American institutions. In the eyes of these large funds, there is no altcoin besides Bitcoin and Ethereum, so this round of market activity cannot have an altcoin bull market. I strongly disagree with this view.

I can accept that large funds only focus on Bitcoin, but altcoins are definitely essential helpers in the growth process of Bitcoin. Altcoins provide financial leverage for Bitcoin's rise and are the main force attracting retail investment.

Given the scale and price of Bitcoin, it's challenging for retail investors to get involved. This is an important link in Bitcoin's positive cycle. Conversely, when Bitcoin encounters an upward bottleneck, funds will flow into altcoins to nourish them and lead them into a bull market. This will attract more people to enter the market. The two are complementary, and this has been the model used in several bull markets; this time is no exception.

So be patient; the altcoin bull market will eventually arrive.