The cryptocurrency market has entered an era of structural diversion, with capital concentrated in the Bitcoin and technology sectors

The cryptocurrency market has entered an era of structural diversion, with Bitcoin's market share rising to over 62% and the total cryptocurrency market value recovering to $3.5 trillion. The seven giants of artificial intelligence, semiconductors, cloud computing, and the US stock market have absorbed a large amount of venture capital, while spot Bitcoin ETFs and institutional products have led to a tendency for new funds to directly enter Bitcoin, rendering the traditional rotation logic of altcoins ineffective.