Dòng vốn đang luân chuyển: Ai được ưu ái hơn trong chu kỳ này

【Coin Circle】Crypto market is recovering from consolidation. Trading volume is warming up, and funds are selectively rotating toward higher volatility assets.

Bitcoin’s momentum has weakened considerably. Institutional participation shows some hesitation, large holders lack consensus, and the market is mostly consolidating within a range. Ethereum is in a somewhat awkward position—large holders are selling pressure, coupled with ETF outflows, creating significant downward pressure.

In contrast, other public chains are much more vibrant. Solana is gaining traction with institutional filing support and network upgrades underway. XRP is rising with ETF capital inflows and improved regulatory sentiment. BNB Chain is rallying on hard fork expectations and expanded institutional access.

TRON is solidifying its institutional settlement territory with its stablecoin advantage and expectations of ETF inclusion. Ton has stabilized sentiment after clarifying token ownership issues, with Telegram wallet integration progressing smoothly and improved market sentiment. Polygon took a different approach—directly burning coins to increase scarcity while optimizing development for institutions, creating a multi-dimensional narrative through this combination.

In short, this market cycle isn’t about broad optimism but selective rotation. The altcoin sector shows clear differentiation, and institutional sentiment is reshaping the market’s power structure.