Recently, BTC's pace has slowed down, from a fierce start at the beginning of the year to now steadily staying in the 114,000-120,000 range. ETF fund inflows cooling down and spot trading volume shrinking are reminding the market: this wave might be a rest or a new window of opportunity.
BTC Exit, ETH Steal the Spotlight?
While BTC slows down, Ethereum directly surged to $4,300, a two-year high, with bears having almost no chance. Although short-term bulls show slight fatigue, the medium and long-term outlook remains healthy. Technically, increased upper shadows and reduced volume suggest possible oscillation or minor pullback, but the correction space is limited.
On-chain is even more bustling:
- Lido lays off 15%, staking track in focus
- Whale staked over 10,000 ETH in two months, earning $13 million
- Funds continue to flow into ETH ecosystem
The Old Script of Market Rotation
Historically, funds always push BTC first, then ETH, followed by mainstream coins, and finally an emotional altcoin season. This round has more institutional funds, with a potentially similar rhythm. Currently, it looks more like an ETH-led phase, with funds flowing from BTC to ETH and some large altcoins. Last week, I mentioned in my article that if ETH breaks a new high, altcoins still have a sprint opportunity.
Original Reading:Crypto's Fourth Wave About to Go Crazy! ETH Creates New High Against Headwinds, SUI, RAY, PEPE, SOL About to Gain Momentum! Don't Fall Behind in August!
This ETH breakout is inseparable from spot ETF and traditional institutional large orders, with inflows almost matching BTC. Wall Street is also increasing stakes, with Bitmine, established less than a month ago, acquiring 833,000 ETH, targeting 5% of total supply.
My personal holding logic:
- Focused on high-consensus coins
- Withstood #PEPE's continuous decline, recovering
- #RAY, #SOL partially reducing holdings while waiting for August's low-entry opportunity
In August, I actually hope for a low-entry opportunity to optimize my position more reasonably. BTC's Bollinger Band daily mid-track pressure remains; if it breaks the downward channel, the August bearish curse might be broken, and the main upward wave could start early.
Can the Altcoin Season Still Come?
This bull market differs from previous ones, with funds concentrated on top assets. The so-called "comprehensive altcoin season" is almost impossible to reproduce, with more localized rapid rotations.
Insufficient liquidity means altcoin rises come quickly and go just as fast. The next moment will test everyone's position and mentality—enter early or wait for a pullback?
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