#美国民主党BlueVault The dullness in the crypto world in 2025 is somewhat refreshing—BTC's four-year cycle performance is below expectations, and altcoins are even more silent.

The problem is, this is not just a simple correction. The underlying market structure is changing. Can we imagine a breakout for altcoins in 2026? There are three trigger conditions, and at least one must be met:

First, institutional investors start to buy the dip in altcoins. Currently, all ETF funds are flowing into BTC and ETH, with too high a concentration of capital.

Second, leading coins like BTC, ETH, SOL, etc., can once again take the lead, creating profit-making effects. With this demonstration, funds will be willing to explore smaller coins.

Third, retail investors truly return. Now, sentiment is scattered; many have shifted to AI stocks or US stock index funds, scared off by the previous dips.

Honestly, the most important thing now is whether Bitcoin can break out upwards. If the leader doesn't move, small coins won't turn around at all. The recent market divergence is very obvious—most coins follow BTC, and only a few can rise independently.

So what to do? Don't rush to buy the dip in altcoins. The key is to watch whether BTC can break through previous highs, and also keep an eye on whether US regulators will approve new altcoin ETF products. The market is eager for new narratives, but what we need is to wait for real signals to appear.