The market has been quite interesting lately—meme coins like PEPE, BONK, and DOGE are surging, but BTC and ETH are not showing much movement. What's the logic behind this?

In simple terms, the market is rotating. Elon Musk's dog culture has reignited meme sentiment, and retail investor sentiment is tangible and visible—that's the vitality of meme coins. But here’s the problem: the upside potential for altcoins is already quite crowded, increasing the risk of continued accumulation.

Looking at mainstream coins, BTC has yet to break through convincingly. At this point, a phenomenon worth noting is—when everyone is chasing meme hotspots, it often indicates a lack of strong directional guidance in the market. Sentiment can shift easily, but the fundamentals still support the market.

So you'll see a divergence: sentiment-driven hype pushes up altcoins, but the true growth momentum has yet to be found. This also explains why, during this wave of enthusiasm, some are re-evaluating the necessity of long-term allocations.