First of all, the altcoin market is a stagnant market, the cake is only so big, and there are off-market participants constantly taking a slice, cutting the cake and not returning to build, leading to continuous market shrinkage. Second, Bitcoin and altcoins are not in the same market; Bitcoin has off-market funding support, consensus keeps reverting, when it drops there are funds buying in, the underlying flow is from the wallets of those who need Bitcoin to provide liquidity to the wallets of those who do not need Bitcoin to provide liquidity.

I have slowly come to understand recently
The fundamental reason for the disappearance of copycat seasons
Is similar to doing business, where the winner takes all
The mobile phone industry and the electric vehicle industry
Initially had hundreds of companies competing
In the end, only a few survived
Cryptocurrency also belongs to a new industry
After the dividend period of new industries passes
Only a very few can survive
The rest will be eliminated by the market
How many small exchanges were there before?
How many types of copycat phones were there before?
How many electric vehicle brands were there before?
How many are still alive now?
The development of altcoins follows the same logic
The essence of currency is value storage
$BTC has already realized the demand
This is the game rule of the market
There will never be another copycat season
As the crypto market matures
There may even be no new altcoins produced
Because the market will no longer pay for them