The red and green candlesticks are all illusions; liquidity stratification is the market's true picture.

Most traders are blinded by the sea of green candles, believing the crypto market is experiencing a full recovery, with altcoins rising one after another and a broad bull run reigniting. But if you peel back the surface-level fervor and look at real capital flows, you'll understand: the market is far from a complete recovery—only an extremely polarized battle among existing players. The widespread optimism online and the constant green candles are just false prosperity manufactured by existing funds, not an overall market strengthening.

The biggest trading misconception now is viewing this structural market through the lens of the old broad rally. New external funds have yet to enter, and all ups and downs are just funds shuffling among existing players. Capital is no longer cast widely; instead, it clusters around quality picks, concentrating limited liquidity into a few coins with strong institutional support and solid buying pressure. Top-tier tokens keep absorbing liquidity and rising, while most small-cap coins languish, ignored and sliding slowly. Polarization has become the norm. $BTC #BTC下探60000美元关键关口