The recent common question is, why aren't altcoins rising? Actually, looking at the numbers makes the reason quite clear.

Bitcoin's dominance has become extraordinary. Its current market capitalization is about $1.6 trillion, accounting for over 57% of the entire market. Meanwhile, the total size of all altcoins is just over $1 trillion. Looking back to October 2020, Bitcoin held 58% of the market, and the total market cap of altcoins was around $183.2 billion.

By the peak in 2021, the situation had changed. Bitcoin's dominance dropped to 42%, and the market cap of altcoins swelled to $1.2 trillion. That’s more than a sixfold increase. But afterward, it ultimately came back down. It entered a long-term downward trend.

This is a key point: for the entire altcoin market to rise significantly again, a substantial amount of capital is needed. Returning to the 2021 peak would require an enormous scale of investment. So, rather than altcoins not rising, the reality is that the amount of capital needed to push them higher has become enormous.

This also greatly impacts investment strategies. Instead of simply betting on all altcoins, it’s necessary to evaluate individual projects more strategically. The overall market dynamics are changing.