Last Friday, the net inflow of the US spot Ethereum ETF was $3.329 billion, marking the first time in history that a single-day net inflow exceeded that of the spot Bitcoin ETF. As we all know, this bull market has been different from the previous one; so far, ETH's performance has significantly lagged behind BTC. This is largely because the meme coins driving this bull market mostly originate from the SOL chain. The inactivity of Vitalik Buterin, combined with the Ethereum Foundation's continuous selling, along with the high transaction fees on the ETH chain, have deterred 90% of players enthusiastic about the primary market. Therefore, the enthusiasm for the ETH chain in this bull market is not very high. This is also a major reason why the price of Ethereum has struggled to stabilize above $4,000.

Although ETH has launched a spot ETF, the inflow amounts over the past few months have been quite disappointing. Coupled with large holders continuously selling Ethereum, it has led to Ethereum being in a consolidation phase for more than half of this bull market. However, the inflow of funds into Ethereum is now increasing, and with the recent surge in XRP's market capitalization jumping into the top three, Ethereum cannot afford to sit idly by. Otherwise, traffic and funds will increasingly disperse from Ethereum. If this bull market lacks hotspots, the next bull market will be even more challenging. Therefore, what I look forward to next is Ethereum leading the mainstream market and driving the altcoins into a frenzy.

In this bull market, most of the upward movements have been driven by higher market cap coins, while lower market cap coins have not consistently broken through new highs in this bull market. This is also related to the retail investors in the market. In this bull market, most friends who entered midway have placed their bets on altcoins, and very few have heavily invested in BTC, ETH, or XRP, which have consistently ranked in the top ten by market cap. Therefore, before the whales pump the altcoins, they will definitely use surging coins to attract investors' attention. With minimal funds, they can cause an altcoin to drop, leading retail investors to cut losses and chase after the surging coins. This way, they can acquire cheap tokens.

Since Trump won the US election on November 5, the cryptocurrency market's market capitalization has grown by approximately $1.2 trillion. The Bitcoin ETF and Ethereum ETF also set single-month inflow records in November. This indicates that the speculative desire for the cryptocurrency market is expanding. Once Trump takes office in January next year, there will be more unexpected developments in the market.

Many altcoins are still near the bottom of the entire bull market cycle. Currently, it is still not the time to sell; rather, it is the last chance before the peak bull market. Current positions are not decided by old hands changing their holdings because everything will rise in the future, just varying in amount. How much one earns depends entirely on luck.

That's all for today; feel free to leave comments in the comment section!

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