The trend of platform tokens has never been isolated. Take BNB as an example, it must follow the footsteps of market leaders like Bitcoin and Ethereum, while also trying to create its own unique market movements. However, it now appears that this independence is gradually fading.

Looking at recent data makes this clear. Bitcoin swings between $88,000 and $90,000, Ethereum struggles around $3,000, while BNB is trapped in a narrow range of $850-$870. On the surface, all three are adjusting, but the stories behind them are quite different.

Historically, BNB has shown a clear correlation with Bitcoin and Ethereum—when the mainstream coins rise, it rises; when they fall, it falls. But this relationship is not ironclad. During market exuberance, BNB often outperforms with more aggressive gains, surpassing Bitcoin and Ethereum; conversely, during bear markets, its resilience becomes evident. But the current situation is that BNB is in a "powerless" follow-up state, with autonomous market movements nearly vanished.

Technical comparisons further illustrate the issue. Bitcoin broke above the 200-day moving average on October 1, and the MACD indicator also broke out of the zero line into positive territory, signaling strength. Ethereum hasn't been so fortunate; since its decline on August 18, it has remained below the 200-day moving average, with the MACD repeatedly testing near the zero line, showing no clear direction.

BNB's situation is the most awkward. Its price has been suppressed by all major moving averages for a long time, and momentum indicators show energy continuously waning. This not only reflects the internal structural differences among the three coins but also hints that the market is re-evaluating the unique advantages of platform tokens.

When mainstream coins enter a strong mode while you can only passively follow, what does that indicate? It shows that market expectations for platform tokens have changed.