In mid-October, this wave of market movement directly刷新了 many people's understanding of the crypto world. The old approach of "mainstream coins holding the bottom and altcoins creating hot spots" has completely失效了. Currently, the situation is that altcoin liquidity is rapidly drying up, and no one dares to touch them; in contrast, leading coins like Bitcoin and Ethereum have become safe havens in the market. Some people are开始猜测 whether we have entered the "mainstream coin monopoly era."

Let's start with the flow of funds. Recently, the consensus among retail and institutional investors has become increasingly明显——altcoins are too uncertain, and any small fluctuation could lead to total loss. In comparison, Bitcoin and Ethereum, having gone through multiple cycle洗礼, have more成熟的社区、更稳定的技术、 stronger risk resistance. As a result, funds have begun to流向 these leading coins on a large scale. Recent data shows that the market cap share of mainstream coins is持续攀升, which is a典型的 "funds避险" phenomenon.

Another更重要的变化——the mentality of new retail investors has changed. In the past, newcomers entering the圈子 mostly怀揣暴富梦, trying to打拼一把 with altcoins. But after this wave of调整, those who have suffered losses are开始变得理性——they prefer lower收益 rather than face the risk of zeroing out. After new funds come in, they直接奔向 Bitcoin and Ethereum, and the活力 in altcoins自然就被吸干了. The market works like this—where新鲜资金流向, there is vitality; where新资金绕开, it gradually becomes dead water.

However, from another perspective, this变化未必全是坏事. The altcoin市场 once was a混杂的场所, with空气币 and传销盘 everywhere, trapping countless people. This market调整 is akin to a彻底的市场清洗,淘汰掉那些无价值、无前景的altcoin projects, which can actually make the entire生态更加健康. The subsequent competition in the crypto圈 will focus more on projects with真正的技术、应用和社区, which is actually good for the行业's long-term发展.