Last night Bitcoin dropped, altcoins didn't follow. Looking back at this round of market, we actually find that altcoins as a whole haven't risen much; instead, altcoins have made two peaks, gone through a small market rally, and then ended. ETH has never broken new highs, while Bitcoin has been leading the way, going its own unique bull path.
The main reason for this trend, in my opinion, is that BTC and the current crypto market are still divided into two types of markets. Since the approval of the ETF, the liquidity and funds brought by BTC cannot spill over to other tokens. The seemingly prosperous market, aside from Bitcoin, still shows that altcoins are quite poor behind the scenes. This leads to why Bitcoin can consolidate at high levels while altcoins are flooding; Bitcoin keeps hitting new highs, while altcoins continue to flood.
It can be said that this round is Bitcoin's unique bull market, or rather, the bull market we are hoping for has not yet arrived. Currently, many altcoins are looking to ETH for direction; perhaps when ETH starts to break out, the bull market we expect will truly arrive.
In a bull market, no one is left out; there's meat to eat every day.
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