Bitcoin continues to weaken, with on-chain funds clustering into altcoins for a rotational pump

The market divergence is now very pronounced. Bitcoin is oscillating at a low level, with weak price action. Capital is reluctant to stay and is instead flocking to small and mid-cap coins for speculative clustering.

Looking at the gainers list, you can intuitively see NES, DEGEN, JTO—a large number of altcoins are taking turns surging. Taking NES and MAGIC as examples, they staged a rapid short-term spike, then pulled back slightly for consolidation, with intraday gains of 10.85% and 6.09% respectively. It’s not just these two; over a dozen coins on the gainers list have rallied sharply simultaneously, with various sectors starting up in rotation, and existing funds constantly rotating between them for speculation.

This kind of market looks full of opportunities, but in reality, it hides risks. There is no fresh capital inflow—only existing internal funds shuffling around. As the core of the broader market, Bitcoin remains under sustained pressure, and the sustainability of altcoin pumps is very poor. Quick pullbacks after a spike are the norm, and blindly chasing highs can easily lead to short-term bag holding.

In trading, don’t get swept away by short-term explosions. The rotation pace shifts extremely quickly in this type of market. Prioritize risk control first, and avoid heavy position chasing of altcoins that have already spiked.
#美国5月PCE通胀升至4.1%创三年新高 $BTC