Asset rotation is the most widespread phenomenon in behavioral economics. Since the advent of the stock market as a specialized speculative market, this has become the most conventional and rational model guided by professional players and market makers; The emergence of good news + the parabolic rise of asset prices inevitably leads to some funds immediately selling to realize profits in this situation, looking for other similar companies, guessing who the next target is, and reinvesting the profits into these companies; This is the basic logic of high beta. If the crypto world only had BTC, then the US stock market wouldn't need IWM, and there would be no GME or AMC; Consensus only exists in BTC... blablabla... a series of arguments and analyses. Unfortunately, the market is irrational and filled with speculation and expectations; After a token rises, funds will quickly flow into similar tokens, hoping to capture the next wave of increase. This is the natural behavioral law of the market, existing in both ancient traditional speculative markets and emerging crypto speculative markets; This is common sense; all professional speculative market cycles are controlled and depicted by such simple logic; It is this kind of rule that gives rise to the so-called altcoin season, which is rooted in human nature. No matter how powerful your ETF is, does it change human nature? People still chase highs and sell lows?