Many newcomers don't understand why the old leeks are so persistent in the copycat season The last bull market was a paradise for diamond hands, a model where you can pick up money if you are bold The slogan of buying a copycat in the last round The money was blown by the wind, and he lived in the palace with xx In the last round of bull market, DOGE could pull eight times in a week, SAND 20 times in three months, and Binance IEO's wealth-making effect is also obvious On the other hand, this round of BTC bought by retail investors at the bottom has completely changed the inscription The SOL bought at the bottom has all become a dirt dog, and the ETH bought at the bottom has all become TX The copycats are half-dead, there are not many new users in the market, they are all games of stock funds Now it is a real stock market, there is no heat without newcomers, there is no heat without heat, there is no funds to enter, and there are no newcomers to enter the feedback Most copycats have proven perjury that last year's AI was useless garbage The AI new narrative did not live up to the hype expectations and did not attract external funding This bull market is more like an "ETF-driven Bitcoin bull market" Traditional altcoins lack new narratives + liquidity + speculative enthusiasm, so it is naturally difficult to have an altcoin season.