May 4 Key Summary: BTC Dominance Surges, Altcoin Divergence Intensifies 1/ BTC's market dominance has risen for nine consecutive days to 64.85%, returning to January highs. The market is rapidly recalibrating its valuation anchor. 2/ Raydium has generated nearly 36,000 tokens, with a graduation rate of less than 1%. Speculation is intense, but the success rate remains low. 3/ A whale sold 420,000 TRUMP tokens at a loss of $760,000. The altcoin bubble is bursting rapidly, and FOMO sentiment is being hit hard by "reality checks." 4/ Liquidations reached $160 million in the past 24 hours, primarily affecting long positions. The battle between bulls and bears is intense, and the short-term market direction remains unclear. 5/ ASR surged over 50%, and ZORA protocol revenue skyrocketed. There are still localized opportunities in alternative assets and fan economies. 6/ The SNS.sol and JAGER airdrops are gaining traction, pushing the Web3 traffic battle into deeper waters. 7/ Fidelity, MicroStrategy, and BiyaPay continue to advocate for BTC, with $100,000 remaining the next psychological milestone. 🔚 The market is undergoing a redistribution of positions amid volatility. BTC is strong, ETH is weak, and altcoins are highly polarized. Controlling pace and avoiding chasing highs are the current main themes.