> Bitcoin remains dominant, followed by Ethereum, while altcoins are in trouble due to issues like liquidity depletion and project parties playing people for suckers.
Written by: Alvis
1. The Magical Reality of the Coin Circle: Bitcoin Chicken Dinner Competition, Alts Lying Down Collectively
Tradeview data shows that Bitcoin's market share is approaching 63%, reaching a new high.
The cryptocurrency market in 2025 resembles a grand palace drama: Bitcoin sits firmly on the dragon throne, Ethereum holds the grandmaster chair (the ETF was approved but the effect is not as expected), while the alts collectively kneel outside the Yangxin Hall, resembling neglected concubines of the emperor—some vie for favor through cosmetic surgery (rebranding and launching new coins), others engage in palace intrigue (community splits and infighting), and many directly receive their boxed lunch (zeroing out and delisting).
This scene is reminiscent of the magical realism of the matchmaking market:
Bitcoin: Returned elites, holding