How to seek Alpha returns in this bull market?
Discover strategies to identify high-yield opportunities, analyze market trends, and optimize your investment portfolio to maximize gains during this bullish phase.

Author: Haotian

Everyone is shouting that the bull market is coming, but do you realize that the methodology for seeking market Alpha and Beta has completely changed? Here are some observations:

1. OnChain + OffChain TradFi as the Main Narrative

Stablecoin Infrastructure: Stablecoins are becoming the “blood” connecting traditional finance and DeFi infrastructure. Cross-chain liquidity of stablecoins, APY yield differentials, and new innovative expansions are key areas.

BTC/ETH Micro Strategies “Token-Equity” Effect: More listed companies are incorporating crypto assets into their balance sheets, making it a trend. Finding high-quality targets with “quasi-reserve assets” potential is becoming crucial.

Emergence of Wall Street Innovation Tracks: DeFi protocols, compliant yield products, and on-chain asset management tools designed for institutions will attract massive capital. The old “Code is Law” has evolved into the new “Compliance is King.”

2. The Pure Native Crypto Narrative Accelerates in Distinguishing True from False

Ethereum Ecosystem Revival: A surge in ETH prices will reignite innovation in Ethereum’s technical narrative, replacing the previous Rollup-centric grand strategy. The new ZK-centric approach will become the main theme.

High-Performance Layer 1 Competition: It’s no longer about TPS race but about who can attract real economic activity. Key indicators include: stablecoin TVL share, native APY yields, institutional partnership depth, etc.

Last Dusk of Altcoins: The widespread altcoin season faces fundamental issues of insufficient capital momentum. Some altcoins may experience “dead cat bounce” patterns. Characteristics include: token concentration, community activity, and whether they can leverage new concepts like AI/RWA.

3. MEME Coins Evolve from Speculative Tools to Market Mainstream

Capital Efficiency: Traditional altcoins are often overvalued with poor liquidity. MEME coins, with fair launches and high turnover, are becoming new favorites for capital, capturing most of the dying altcoin market share.

Attention Economy Dominance: Influencer impact, community culture, and FOMO-driven hot topics remain core competitive advantages. Liquidity distribution still follows the law of attention.

New Indicators for Public Chain Strength: Market activity of MEME coins will become an important standard to measure the overall strength of public chains.

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