Recently, as the CPI data stabilizes, market sentiment has noticeably improved, and the panic triggered by previous US Non-farm Payrolls (NFP) data has basically dissipated. In this atmosphere, alts' operators often adopt small-scale probing strategies, such as initially pumping 20%-30% and observing the market response. If there are many followers, they may fully initiate the trend; conversely, if the response is sparse, large capital may choose to wait and see for the next opportunity.

However, as the timing for interest rate cuts approaches, the opportunity cost of this wait-and-see strategy is rising. After all, missing the current opportunity may make it difficult to re-enter at a low point in the future.

It is worth noting that with Ethereum officially joining the ETF camp, the field previously dominated by Bitcoin has now welcomed new members. Against this backdrop, Solana (SOL) is likely to become the new leader among alts. This logic is not complicated: most alts lacking independent narratives and individual market conditions tend to move in similar ways, and the largest by market cap will naturally be viewed as the leader by the market, creating a typical "selection of the best among the good."

Currently, Ethereum has broken through the $4400 mark, and institutional investors have shown strong interest in it. This series of developments undoubtedly injects new vitality into the cryptocurrency market and provides investors with new avenues for thought.