1. The stagnation of Bitcoin and "Impatient Liquidity" Bitcoin is in a consolidation phase. When the "King" moves sideways, retail money does not stay still; it gets bored. That impatient liquidity is what is flowing directly to the Memecoins. It's not that people don't believe in the technology, it's that they want returns of $100x$ while BTC decides its next move towards all-time highs.
2. The "Culture" over the "Fundamentals"
Yesterday we saw it: an article about AI nodes can be ignored, but a meme about a dog or a frog with a strong community generates massive engagement.
The psychological factor: Memes are easy to understand.
The barrier to entry: You don't need to understand $Proof of Stake$ to buy a trending token on X (Twitter).
3. What to expect from BTC this week?
The market is focused on macro data. If BTC breaks the current resistance, you'll see how money flows back from memes to "Large Caps". It's the eternal cycle of capital rotation:
BTC is rising.
ETH and large Alts are continuing.
Euphoria phase: Everyone is jumping into Memes.
Correction.