Bitcoin remains at 96,000, why do altcoins keep falling?

Recently, despite Bitcoin maintaining a price of 96,000 USD, the performance of the altcoin market has not followed Bitcoin's lead, with many altcoins losing their previous gains. The key factor behind this phenomenon is trading volume.

Looking back over the past few weeks, several cryptocurrencies have had unusually high trading volumes, even surpassing Ethereum and Bitcoin at times. These include DOGE, PEPE, XRP, PNUT, ACT, among others. However, their current trends are disappointing, with many investors trapped, and the altcoin 'bull market' seems to be gone for good. Funds have clearly flowed elsewhere.

This phenomenon shows that investors are voting with their real money. As the market leader, Bitcoin has high liquidity and recognition, thus attracting a large amount of capital.

Additionally, RWA (real-world assets) and leading public chains have also gained favor among investors. RWA can be valued and provides more investment options; leading public chains are favored for their ability to generate actual value. In contrast, many other sectors and cryptocurrencies are often transient, lacking actual value support, making it difficult to attract traditional investors' attention.

The rise of many altcoins is often based on the imagination of people within the industry, lacking actual value support. When traditional investors begin to pay attention and enter the market, it is often already a matter of the next cycle. Therefore, a true altcoin 'bull market' may emerge in another form, rather than in a widespread increase.

Just look at this weekend's rise chart to see how bleak the market is. Many altcoins' prices have fallen sharply, and trading volumes have also plummeted. This indicates that the market has lost confidence in these cryptocurrencies, and funds are flowing towards more valuable investment targets.

Using small capital to ambush opportunities in the primary market is worthwhile, even if we have to wait for the next cycle. If future gains exceed our expected targets, that would also be worth it. Recently, the promising Musk concept 𝒑𝒖𝒑𝒑𝒊𝒆𝒔 have been ambushed.

#本周微策略是否继续增持BTC？ #萨尔瓦多将“加速”增持BTC #币安Alpha公布第5批项目 #马斯克概念 #meme板块关注热点 $BTC $BNB $ETH