Don't be fooled! Bitcoin's bloodsucking hasn't ended yet!

Brothers, wake up.

Looking at the market, is it getting restless again? ONDO surged 34% in a day, ICP rose 32%, even the "dead" STRK jumped 21%. The altcoin season index climbed from the floor to 48, and Bitcoin's market share (BTC.D) dropped from 61.2% to 60.6%.

Are you thinking: "Bull run, quick back, full position in altcoins?"

Stop right there.

If you think this is the kind of "rising tide lifts all boats" altcoin season of 2021, then this rebound not only has nothing to do with you, but you'll also end up as the last bagholder.

This is not a "broad altcoin rally," but a "structural siphoning in the existing market."

First, Bitcoin hasn't relinquished its throne.

BTC.D dropping from 61.2% to 60.6%? Is that a pullback? That's just a slight shift. Over 60% market share means Bitcoin still holds the market's throat. As soon as it turns its head, 90% of altcoins will die instantly.

Second, and most painfully: money has changed.

I checked on-chain data. Last July, funds rotated into Solana, a mainstream public chain where everyone could share the pie.

But where did the money go this time?

ONDO (RWA), ICP (decentralized AI), STRK (ZK/Modular).

Think carefully. What are these?

High valuation, low circulation, strong narratives.

In plain language: all chips are in the hands of the big players, stories are spun wildly, retail investors have no real assets.

This isn't retail's carnival; it's the big players' precise "targeted sniping."

Funds no longer buy "altcoins," they are investing in "specific tracks of decentralized infrastructure."

Are you still holding onto your old DeFi, old L2 to break even?

Sorry, no one is taking over. The money has already moved into RWA, AI + Chain Fusion, modular concepts.

Can't understand modularity? Can't grasp RWA? Don't even know what ICP is doing?

Then this violent rebound is just for you to see the rise.

You watch it go up, chase in, and it falls. Because you're emotional fuel, they are precise harvesters.

The conclusion is harsh:

The altcoin index at 48 is still far from the confirmation line at 75. This isn't "altcoin season," it's "Bitcoin sideways, hot money quick in and out of new narratives."

Only three types of people can profit this round:

1. The resilient gamblers, early investors in new tracks like venture capitalists.

2. The super-fast traders, who jump when volume rises and run when it doesn't, the "machine gunners."

3. Those who understand the narrative and trade on the right side, like yesterday's ONDO and ICP—profit and then leave, no lingering.

And you?

If you're still staring at K-lines, dazed by those skyrocketing "new names," hesitating whether to cut your half-year trapped altcoin and chase...

I advise you not to move.

Because at this stage, missing out won't lose money, but chasing blindly will.

Wait until BTC.D truly drops below 57%, wait until the index hits 60, then you'll have some "broad rally" to enjoy. Right now, this is just the big players giving benefits to the big funds, not to you.

Funds have evolved, and so has the scythe. #Gate广场五月交易分享 $BTC $GT $ETH