The big coin is approaching the 100,000 position, why isn't the imitation following? The current market logic is clearly different from the past. The previous trend of multiple coins rising together seems to have become history.

Now, the market is severely stratified, with large funds more inclined towards safe-haven assets, especially the big coin. This has led to most new funds pouring into Bitcoin, creating a stark contrast.

New funds from outside the circle: focusing on a few mainstream assets like Bitcoin. Small funds within the circle: chasing short-term high returns of MEME coins, going wherever there is a profit effect. Interestingly, newly launched MEME coins often see their prices soar immediately upon launch; if it is so-called 'value coins', the price tends to drop instead. This phenomenon fully illustrates the short-term capital flow and risk preference in the market.