Today, Bitcoin achieved a major milestone—its market capitalization share surpassed 60%. In other words, for every 10 dollars in the digital asset market, over 6 dollars flow into Bitcoin.

The community immediately erupted. Some shouted "It's the end, a siphoning rally," while others lamented "The spring for other coins is over." Looking at these panic voices, I’m actually not worried and even want to celebrate.

Why? Because this is not siphoning at all; it’s the market growing up.

Imagine the transition from adolescence to adulthood—less restlessness, more stability. The digital asset market is undergoing the same transformation.

**Looking at this from a different perspective**

Suppose 90% of the funds in the ecosystem chase after various novel assets, and only 10% are willing to focus on Bitcoin—does that make sense? Obviously not. Capital flowing into Bitcoin is not the market "sucking blood," but the entire system "selectively nourishing" the best.

With macro environments so uncertain, capital gathering into Bitcoin is actually very rational:

- Deep liquidity
- Strong consensus
- Clear regulatory path
- The gateway for institutions

This is not a signal of doomsday; it’s proof that the market is moving from a frenzy to rationality.

**Key Differences**

Adolescence: Easily influenced, chasing trends,炒什么热炒什么

Adulthood: Stable, focused on value, emphasizing fundamentals

The old approach of "bull markets mean frantic speculation on other coins" may need to be updated. The new phase requires new strategies—this is both an opportunity and a challenge.