When all voices are negative, it is often the most valuable moment.

Recently, I saw such questions in various discussion forums: "Still buying altcoins? Too much money to be scared?" As Bitcoin repeatedly oscillates around $100,000, the days for altcoins are indeed tough. Falling 30%, 50%, or even more from previous highs, the overall market sentiment has almost bottomed out.

But I quietly entered the market at this moment. Not out of frustration, but because I recognized the investment signals behind the extreme market divergence.

The规律 of history is clear: Bitcoin leads the way, altcoins follow the dance. The crypto market cycle does not lie. Remember the 2021 rally? Bitcoin broke previous highs and surged all the way up, but what about altcoins at that time? There was hardly any hype. Until Bitcoin experienced a 27% plunge, altcoins started a crazy rebound—overall market cap surged by 197%.

The current downturn is accumulating energy for the next rise. Looking at the trend of the total market cap of altcoins (TOTAL3) makes this clear. Since 2021, it has been moving within a four-year compression. What does the chart show? The bottom keeps rising, buy orders continuously hit resistance above but are repeatedly pushed back. It’s like compressing a spring to the limit—the tighter the compression, the more explosive the rebound.

Where exactly has the capital gone? On the surface, Bitcoin ETF redemptions appear huge, but that’s just the surface phenomenon. The real key is the flow of funds behind it. History tells us that during periods of extreme market sentiment divergence, it is the golden window for professional funds to quietly position themselves.