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The current crypto market is in the "metal season," with mainstream tokens strong and alts relatively weak.
[Coin World] Recently, there has been an interesting observation - the current market is not at all an altcoin season, but rather a "metal season." Major coins like Bitcoin and Ethereum continue to hit new highs, making the entire mainstream token camp quite eye-catching. In contrast, most alts seem a bit dull and their rise is not keeping pace with the rhythm of mainstream tokens.
What does this mean? Market risk appetite is returning to rationality, and funds are more inclined to flow towards projects with solid fundamentals and high consensus. As long as Bitcoin and Ethereum remain strong, it will be difficult to see a collective explosive performance from alts. At this stage, those entering the market seem to be picking the hardest assets, rather than betting on those concept coins.