Recently, a fascinating phenomenon has been observed—the dominance of Bitcoin is declining, which usually indicates an improvement in market risk appetite. In early January, multiple models captured a shift from defensive thinking to opportunity-driven strategies; in other words, money is starting to look for new destinations.

What’s particularly worth noting in this cycle is the correlation between mainstream coins and selected altcoins. Their performance is beginning to resonate in sync, with momentum effects, relative strength comparisons, and market participation all happening simultaneously—such situations are rare. For traders, this is a signal; they need to be alert.

However, it’s important to emphasize that this is not a big bull run where everything rises. In such an environment, passive holding often leads to losses. Position management becomes the moat, and how well risk control is implemented essentially determines how much profit can be made in the end.

Many people are still waiting for news to give a direction, but true traders are already analyzing the market structure itself—looking at signals, resonance, and participation. These are the factors that will determine the next move.