Why hasn't this wave of the bull market seen a phenomenon-level rise of several dozen times in altcoins?

In this round of the market, the main index rose from 15,500 to 73,000, an increase of almost five times, and Ethereum rose from 1,000 to 4,000, almost four times.

However, some altcoins with underlying technology have not performed well, indicating that this wave of the bull market is different from the previous one. We notice that in the last bull market, hundred-fold coins were listed with a market cap of only 10 million, and a 100-fold increase would mean a market cap of 1 billion.

Now, in this round of the bull market, new coins are being listed with market caps of 1 billion or even tens of billions of dollars, starting high and then dropping, quickly profiting while continuously releasing locked-up tokens. The number of funds and institutions coming in is increasing, and the tricks of market manipulators are constantly evolving, cleverly diverted by high FDV and large quantities of new projects.

The funds needed for the altcoin bull market are 10 times that of the 2021 bull market. What does it mean for 10 trillion to be 10 times that? 100 trillion. How much can that make BTC rise? Yet, the BTC ETF has only brought in a few hundred billion dollars.

When everyone buys new coins instead of old ones, market manipulators directly launch coins with market caps of tens of billions of dollars, with new coins coming out every week or even every day, making it impossible for you to buy everything.

From the decline, we can see that the funds in the market have retreated severely, with many new coins dropping around 70%. If those who made profits before haven't exited, they are now at a loss.

Now, market manipulators are also smart, using high-dimensional strategies to hit retail investors and making money from their perceptions. Therefore, everyone should be cautious about new coins; those who become wealthy are basically the ones participating in first-market new coin airdrops. In contrast, those performing well in the secondary market are very few. It’s not that there aren’t good coins, but most coins will perform generally.

For Bitcoin, buying in batches whenever it drops more than 10% is sufficient, and for altcoins, one should only focus on the leaders. Do not all-in on a single altcoin unless you have enough understanding of the project and know its future plans and operational methods; otherwise, heavy investments will eventually lead to being washed out.

Some upcoming trends: Large funds are hesitant to dive into altcoins! More and more people will realize this! Without external support, the internal PVP will face severe blood loss.