As the second half of 2025 approaches, the crypto assets market seems to be nurturing a large-scale bull run. This expectation has become the core basis for current market strategy formulation. Looking ahead to the end-of-year trend, the prospect of Bitcoin prices breaking through $150,000 is not out of reach. However, it is worth noting that this bull run may exhibit characteristics that are completely different from those of 2021.

Unlike the previous market-wide rally, the new round of bull run is likely to have Bitcoin as the absolute protagonist. The market fundamentals supporting this judgment have fundamentally changed. The scenario in 2021 where the rise of Bitcoin led to a surge in altcoins is likely difficult to repeat. If investors still cling to old thinking and heavily invest in altcoins, they may miss out on good opportunities in the upcoming market.

The new funds in the current market show a clear characteristic: they mainly enter through institutional channels such as ETFs, and are highly focused on Bitcoin. The idea that funds will overflow from Bitcoin to drive the rise of altcoins may be overly optimistic.

This viewpoint is not unfounded but is based on actual investment experience. In the current market, the return on investment for altcoins is far inferior to that of Bitcoin. What is more concerning is that the holding experience of altcoins is deteriorating, and their price trends are becoming increasingly unpredictable. Investing in altcoins is essentially a high-risk, high-reward strategy, but when risks continue to rise while expected returns keep declining, holding on is clearly not in line with rational investment principles.

Although the author is not a fervent supporter of Bitcoin and did achieve considerable gains through altcoins in the last bull run, it is essential to adjust investment strategies in the face of fundamental changes in market logic. In this rapidly changing Crypto Assets market, timely adjustments to strategies and aligning with market trends may be the wisest choice.