Is this state undoubtedly a "bear market"? Once upon a time, many people still looked forward to the altcoin season, holding CEX altcoins and on-chain tokens. We are now seeing CEX and DEX listing gold, silver, and some stocks. The era of trading all popular assets has arrived. Aside from liquidity and regulatory risks, there are almost no other issues. So, besides BTC/ETH/SOL/BNB/HYPE and a few projects that can continue to generate income in the future, what other altcoins are worth your real money? Don't fantasize anymore. In the future, besides the above "value coins" and the hot narrative coins during the on-chain phase, other altcoins will inevitably head towards zero. The investor groups in the market are changing, and the market's capital participation structure is changing. If you still expect altcoin season, then the next round will not see you again. You will inevitably be eliminated by the market! So, either embrace "value coins" for long-term investment or contract trading to ride the waves, or engage in on-chain PVP, and other long-term negative-sum games. Please give up the illusions and respect reality! #BTC