Why is BTC still so weak? The market has already started to doubt, "Is the bull market lost?"

Recently, many people's biggest question is:
"Why are altcoins all starting to fly wildly, while BTC still seems like a retired veteran?"
The actual reason is very simple:
What the market lacks now is not sentiment,
but real large-scale capital certainty.
ETF funds are starting to slow down, macro risks are rising, whales are frequently reducing their positions...
All these make it difficult for BTC to sustain a strong push.
But altcoins are different.
Altcoins don't need logic,
they only need sentiment.
So the market has entered an absurd state:
BTC acts like value investing;
MEME coins are like casino slot machines.
And the most common mistake retail investors make is:
Seeing others get rich quickly,
forgetting that when others get wiped out, they didn't take a screenshot.