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The cryptocurrency market is showing a clear "K-shaped" divergence, with Bitcoin and mainstream cryptocurrencies prices rising, while most altcoins are falling. Analysts point out that funds are increasingly flowing into mature projects with clear practicality, which can be seen from the overall market’s accumulation/distribution line declining while the top 200 cryptocurrencies' prices are rising. This situation echoes the polarization trend seen in traditional markets, indicating a shift: narrative-driven token development is being hindered, and investors are paying more attention to fundamentals.