Since the strong rally from March to now, the crypto market has shown quite clear differentiation. BTC and ETH have broken out of their previous accumulation zones, and at the same time, surpassed the MA120 line – a technical signal indicating that the medium-term trend is gradually leaning toward bullish.

Meanwhile, altcoin groups have taken turns shifting capital. From AI, MEME, RWA, GameFi to DEX, most of the “stories” in the market have already experienced a certain growth cycle. Capital flows rotate quickly, creating many short-term waves, but overall, it’s still not enough to trigger widespread FOMO.

Currently, the mainstream coin group (mainstream coin) is relatively “slow.” XRP is somewhat stronger, having taken a step ahead. Meanwhile, SOL, DOGE, and LINK are still quite sluggish, not yet breaking out clearly. In the new L1 platform group (new L1), SEI has started to break the accumulation zone, and SUI is likely to follow if the overall trend continues.

Notably, in the mainstream MEME group, PENGU has begun to show signs of activation. If capital flow continues, the possibility of PEPE’s price increase might only be a matter of time.

Personally, I think the market is waiting for a “correction” (additional boost) from the mainstream coin group. Because just BTC, ETH, or small-cap altcoins rising in price are not enough to ignite market excitement. When the mainstream coins all break out simultaneously, investor psychology is truly activated, creating the feeling that “the bull market has returned.” At that point, FOMO spreads widely, retail capital floods in – and this is also the sensitive moment for strong corrections afterward.