The performance of Bitcoin is unrelated to the bull and bear markets of the crypto market.
The crypto market has entered a 'hidden bear market' for a year now. Congratulations, you have reached the mid to late stage of the bear market.
In the past, we thought that when BTC rises, altcoins rise afterwards, and after altcoins, Memes would take the lead; but now the script has changed: Memes have directly 'seized' the altcoin season, while BTC has already been living with the Federal Reserve and BlackRock.
The BTC strength you see is merely an illusion, concealing the reality that the altcoin market has long been in turmoil, full of despair.
The most counterintuitive conclusion is: the real bear market did not start with a significant drop in BTC, but began the moment the Meme frenzy ended.
