BlockBeats News, June 3rd: 10x Research stated in a post that despite Bitcoin continuously reaching new all-time highs and attracting a large amount of institutional funds, altcoins are still stagnant, hindered by ongoing token unlocks and a lack of new narratives. The old playbook, which relied on hype and leverage, is now ineffective in the context of a 4.5% U.S. bond yield. Even Ethereum has quietly entered a phase of "staking for modest returns."
Driving the skyrocketing of altcoins actually does not require a lot of funds; a few large buy orders can easily move a low-liquidity market. However, the challenge lies in sustaining the upward momentum. This requires broader retail participation, which is the real difficulty. Over the past year, Crypto Twitter has repeatedly mentioned that altcoins are about to enter a season of eruption, and the so-called "Alt Season" has been continuously hyped. However, to this day, this narrative has yet to materialize. Despite repeated market sentiment arousals, we have not yet seen the key elements that support such a trend.
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