Citing the view of Chief Executive Officer CriptoQuant, Ki Young Ju, and a number of market analysts, foreign sources argued that investors may need to adjust their expectations if they are still waiting for the “full-scale surge” of the past. According to the article, while the currency did not lose its market position, the current distribution of funds has changed and the importance of liquidity, fundamentals and narrative intensity has increased.

Traditional wheeling patterns are weakening

Ki Young Ju states that in the past few rounds of markets, after the increase in bitcoin, the money tends to flow sequentially to the Etherpo, spread to smaller market-market tokens, and eventually create a larger range of mackerel currency. However, in his view, this automatic rotation is no longer stable.

According to the article, the current funding is more focused on projects with real products, sources of income, user base and sustainable business models. Long-term financing has become more difficult to attract through currency or short-term heat alone.

  • Since October 2025, the market value of bitcoin has declined from $2.48 trillion to about $1.28 trillion
  • The total current market value is approximately $743 billion.
  • Total market value of small and medium-sized market value items was approximately $27.3 billion

Ki Young Ju argued that the current cycle was particularly critical for small and medium-sized coins, which reflected a more cautious attitude on the part of investors towards highly volatile and speculative assets.

It's still an important observation point.

According to the analyst seliseli46, the silo-currency cycle has not disappeared, but the venom remains the most critical driver. According to historical trends, the time required for every round of the Ether factory to rise is being lengthened.

The article mentions that the next high point may fall near mid-2029 on the basis of fractal trends, but this is not conclusive. Even so, if there is a strong round of rises in the Taifeng, it may be seen by the market as a sign of a return to risk preferences and as a driving force for a broader set of coins.

Investors are more interested in withdrawing.

In a podcast, Open Wallets hosts and analysts Tyler Hill, Conor Kenny and My Financial Friend stated that they were avoiding hot and high assets, as well as an IPO-like recovery deal.

According to several analysts, they are more inclined to set up when prices fall back than to catch up when emotions rise, with emphasis on warehouse control and risk management. One of its facilitators also stated that about 80 per cent of the portfolio was configured in ETF, indirectly holding large asset exposures through NASDAQ, Standard 500 and the Global ETF, and that there was no strong will to assume additional direct risk.