The past copycat season was pretty easy to understand: BTC made money first, capital spread from BTC to ETH, then flowed all the way into the copycat coins, and in the end trash would often rise together too. But this time is clearly different.
To a large extent, ETFs have weakened the old path where BTC profits naturally spill over into the whole crypto market. Capital is starting to concentrate on a few assets that truly have inflows, revenue, or clear channels.
ZEC has privacy, ETFs, and its own supply-demand dynamics. UNI hit the tokenized-stock theme. HYPE has real trading volume. NEAR also has its own product catalysts.
Even more obvious is that nowadays, it’s often only the strongest few in a sector that are going up, and BTC’s market share hasn’t shown the kind of obvious decline seen in past copycat seasons.
Before, it was like when the water level rose, the garbage could float up too. Now the money is still there, but the market is starting to be selective about what it wants. So for those bag-holders from the last cycle who are holding a pile of old copycat coins, expecting everything to rise together when the copycat season comes—this strategy may not work as well as it used to.#比特币突破8万美元大关 $BTC
To a large extent, ETFs have weakened the old path where BTC profits naturally spill over into the whole crypto market. Capital is starting to concentrate on a few assets that truly have inflows, revenue, or clear channels.
ZEC has privacy, ETFs, and its own supply-demand dynamics. UNI hit the tokenized-stock theme. HYPE has real trading volume. NEAR also has its own product catalysts.
Even more obvious is that nowadays, it’s often only the strongest few in a sector that are going up, and BTC’s market share hasn’t shown the kind of obvious decline seen in past copycat seasons.
Before, it was like when the water level rose, the garbage could float up too. Now the money is still there, but the market is starting to be selective about what it wants. So for those bag-holders from the last cycle who are holding a pile of old copycat coins, expecting everything to rise together when the copycat season comes—this strategy may not work as well as it used to.#比特币突破8万美元大关 $BTC