According to the Bloomberg Galaxy Crypto Index (BGCI), the peak of this round did not even exceed 21 years, as market funds were highly concentrated in top and tail assets (Bitcoin and Meme, the latter not included in the index), while other mainstream currencies that were widely participated in in the past (such as Ethereum, Polkadot, etc., which have low weights in the index) performed weakly or even fell. Most retail investors and investors did not benefit as widely as before, so this chart can illustrate the problem of poor wealth effects in this bull market