It is a common but confusing market phenomenon for Bitcoin (BTC) to soar while altcoins remain stagnant. The main reasons behind this include the following: ⸻ ✅ 1. Capital flow: Bitcoin is a safe haven When market uncertainty increases, such as macroeconomic fluctuations, Federal Reserve policy changes, geopolitical risks, etc., funds tend to flow into Bitcoin because it is considered "digital gold". The volatility and risk of altcoins are higher, so funds often flow into Bitcoin first and gradually spread to altcoins. This phenomenon is called the "Bitcoin dominant cycle". ⸻ ✅ 2. The dominance of Bitcoin is on the rise When Bitcoin surges, its dominance usually increases, indicating that the majority of the market's funds are concentrated in BTC. You can observe the BTC Dominance indicator, where an increase in dominance often indicates a decrease in the attractiveness of altcoins. ⸻ ✅ 3. Shanzhai coins weaken against BTC trading pairs Even if the price of altcoins against the US dollar does not fall, their trading pairs against BTC (such as ETH/BTC, SOL/BTC) may be declining. This means that their relative strength is weakening, and the market is more inclined towards BTC. ⸻ ✅ 4. The counterfeit coin cycle lags behind Bitcoin The usual market cycle is: BTC → ETH → High Cap Counterfeit → Small and Medium Cap Counterfeit So the knockoff will only start after BTC has risen (if the bull market continues). ⸻ ✅ 5. Regulatory and fundamental impacts Currently, certain altcoins face higher regulatory risks, such as the SEC suing certain projects as securities. At the same time, some projects lack development progress or favorable support, so they will not rise synchronously. ⸻ ✅ 6. Emotions and narratives have not yet switched The current main narrative in the market may focus on "Bitcoin ETFs", "institutional entry", etc., rather than innovation in the field of altcoins (such as DeFi, NFT, GameFi, etc.). Without narrative, funds and attention will not flow into the knockoff.