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Understanding this Bull Run from the Perspective of Financial Logic: New Play and Action Guide Led by Institutions
The past rising path of Ethereum has been a classic script in the cryptocurrency market: first, the core assets rise independently to open up space, followed by fund overflow driving the rotation of altcoins, and the heat accumulated during the rotation feeds back into mainstream coins, ultimately forming a "golden spiral" upward cycle.
But this bull run is playing out a completely different storyline. The current upward logic is more in line with Bitcoin's performance during the last bull run – led by institutional funds, with massive capital continuously entering the market to drive prices up. Unlike the retail-driven market, institutional funds have a clear risk appetite; they prefer to position themselves in core assets rather than hoarding "shitcoins" that lack value support. This also explains why the recent rise of certain meme coins is more a result of short-term retail sentiment; such market conditions often come quickly and go just as fast. Only when the market experiences a comprehensive flood of liquidity can such assets truly encounter real opportunities.
As mentioned earlier, the core driving force of this bull run is institutions, rather than retail sentiment or traditional cycle rotations. A "slow bull" may become the main theme, breaking the cyclical patterns that have persisted in the crypto market for over a decade. From the perspective of capital allocation, chips are settling along a "top-down" path: first locking in the top layer of Bitcoin, then allocating to secondary core assets like Ethereum, and only then gradually penetrating into high market cap altcoins like SOL, XRP, and LINK. Even with the onset of a rate-cutting cycle in the second half, welcoming a "quality altcoin season," the wealth creation effect in the market is unlikely to replicate the grandeur of the 2021 bull run.
Understanding the logic of funds means you should clarify your action direction—starting now, anchor on the core tracks of institutional layout and keep up with the rhythm of this new cycle! #TOKEN OF LOVE IS BACK# #Show My Alpha Points#