$BTC has once again reached a new high of 106,000, but a glance at social media shows everyone is quite calm, without the cheering and excitement that accompanied the previous bull market's new highs.
The reasons are simple:
1⃣ This round is driven by institutional buying, primarily pushing BTC, and new funds flowing into other altcoins are limited, with ETH still not reaching its new high.
2⃣ An increasing number of new assets have emerged, dispersing liquidity. Assets like inscriptions, runes, NFTs, etc., are redirecting liquidity, and retail investors seeking high returns are unlikely to heavily invest in Bitcoin.
In the context of web2, buying Bitcoin is seen as a very high-risk operation; in the context of web3, buying Bitcoin is viewed as the lowest-risk operation. This reflects the unevenness of the world.
I believe there will definitely be an altcoin season in this round, but due to the abundance of assets and the dispersion of liquidity, how many altcoins can generate returns that outperform Bitcoin?
Regarding the upcoming altcoin season positioning, I think we should focus on two key concepts: 1. The reservoir of funds overflowing from Bitcoin, $ETH $XRP
2. President Trump's selective choices, DeFi, U.S. projects, compliance concepts $LINK $AAVE $ENA $ONDO, etc., keep a close watch on Trump's wallet
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.