This year’s bull market really is here, but this wave of the “shanzhai season” is a bit different from the past. The so-called “big pot” shanzhai season—where everything goes up broadly—basically didn’t come. What’s coming is a “structural rally.”
Just look at the data: over the past two years, Bitcoin ($BTC ) is up 28%, but the median return for mid-cap shanzhai altcoins is down 74%. Most of the money was funneled into Bitcoin ETFs, and institutional capital doesn’t really spill over into smaller coins.
What we’re seeing now is extreme divergence. The hotspots are concentrated in just a handful of strong coins and on-chain use cases—such as $ZEC $HYPER and memes on Solana—rather than “buy whatever and it goes up.” Bitcoin’s dominance is still above 59%, the altseason index is only 41, and it’s far from the 75 confirmation threshold.
So don’t expect to just lie back and wait for rotation. This is a “coin-picking” market: look at fundamentals and how well the assets can capture capital—not market-cap rankings. Either keep a close eye on a very small number of strong narratives, or be honest and hold BTC. Those coins in the middle—neither strong nor weak—will very likely keep getting bled. In this round, besides the blue-chip players, I also like the memecoins in the primary market!👇#AI股持续上涨还有哪些投资机会 #Cardano纳入x402套件支持ADA支付 #Strategy增持950枚BTC #加密市场总市值重回3万亿美元
Just look at the data: over the past two years, Bitcoin ($BTC ) is up 28%, but the median return for mid-cap shanzhai altcoins is down 74%. Most of the money was funneled into Bitcoin ETFs, and institutional capital doesn’t really spill over into smaller coins.
What we’re seeing now is extreme divergence. The hotspots are concentrated in just a handful of strong coins and on-chain use cases—such as $ZEC $HYPER and memes on Solana—rather than “buy whatever and it goes up.” Bitcoin’s dominance is still above 59%, the altseason index is only 41, and it’s far from the 75 confirmation threshold.
So don’t expect to just lie back and wait for rotation. This is a “coin-picking” market: look at fundamentals and how well the assets can capture capital—not market-cap rankings. Either keep a close eye on a very small number of strong narratives, or be honest and hold BTC. Those coins in the middle—neither strong nor weak—will very likely keep getting bled. In this round, besides the blue-chip players, I also like the memecoins in the primary market!👇#AI股持续上涨还有哪些投资机会 #Cardano纳入x402套件支持ADA支付 #Strategy增持950枚BTC #加密市场总市值重回3万亿美元
