X @Ash Crypto

Market Sentiment - Despite Bitcoin reaching a new All-Time High (ATH) of $126,000, market sentiment remains negative due to the underperformance of altcoins [1] - The lack of widespread Bitcoin ownership contributes to the feeling of stagnation [1] - Market participants are fatigued from prolonged waiting periods for returns [2] Altcoin Performance - Memecoin buyers have experienced losses [1] - Utility tokens are reaching new lows [1] - Many altcoins are making new bottoms every week, impacting retail investors who primarily hold them [1] - ETH is still trading below its 2021 levels [1] Liquidity and Future Outlook - A breakthrough of ETH above $5,000 is needed to stimulate liquidity flow into mid- and low-cap altcoins and improve overall market sentiment [2]