My point of view about current market phase :
Nobody expected BTC to rally and cross ATH too soon.
This time demand was not from retail.
This demand is driven by institutions.
There was no retail side buy.
Funds were rotating among bear market veterans.
Usually , when fresh money enters market, BTC rally is usually followed by Big cap , medium caps, small caps rally .
But the funds which bought BTC this time is not by the usual suspects.
So, there was no alts rally.. But no season will be complete without retail getting in.
we have seen only AI and meme narrative play out.
Apart from few insider memes, few chains adopted memes as their GTM strategy and it worked for them. eg. base.
Many chains will use the same strategy again going ahead. Last cycle NFTS= This cycle memes . There will be heavy rotation.
Information is too scattered and only the people who have right connections/ insiders are making money this time.
100's of chains, fragmented liquidity, information asymmetry is making it even worse.
We are far away from retail mania yet.
with CZ getting only 4 months imprisonment is ultra bullish news for the market. so, max pain is next 2-3 months if incase !
Things I am doing now . Network with right people, not trying to check portfolio, checking all possible tools to bring to my disposable before market turns bullish again , tracking upcoming narratives, taking few solid positions in ALTS/NFT's ETC..
we are not going away before paying $300 gas fees for next hyped token sale or NFT mint. so, hang on and pray !