Is the imitation season confirmed? One indicator tells you: not yet at the peak of madness!

Recently, when opening market apps, almost no green is visible.
Many veteran investors have already started posting on social media: "Youth is back."
But here’s the question:
Is it really considered imitation season now?
I think:
It's halfway there.
A true imitation season has a classic feature—
Even project teams start to boast recklessly.
And although the market is hot now, it hasn't reached nationwide frenzy.
After BTC returned to $81k, market risk appetite clearly increased.
ETH hitting $2,400 means funds are starting to spread into high-beta assets.
The strongest sector, PayFi, rose 3.26%, indicating the market is looking for "new stories."
Why aren’t funds continuing to chase MEME?
Because MEME is too competitive.
Now even dogs can issue tokens.
And sectors like PayFi and RWA can at least tell a story of "real-world application."
Recently, I’ve been paying special attention to:
Cross-border payments
Stablecoin infrastructure
On-chain yield protocols
These types of projects have a characteristic:
They can survive a bear market and have great flexibility in a bull market.
As for whether to chase the rally now or wait for an entry?
The answer is:
Don’t fall in love at the peak.
Many coins have already surged continuously, and there will definitely be a shakeout in the short term.
The truly comfortable approach is to wait for a pullback to buy core assets.
My current positions:
BTC 35%
ETH 35%
PayFi 20%
Cash 10%
Always remember one thing:
A bull market isn’t about who rushes the fastest,
but about who can last until the end. #比特币波动