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Many people still believe $BTC hovering around 58k is just a shakeout before it flies up to 100k to trigger altseason. But to be frank, the era of pushing prices with narrative and VC hype is over. The market now is no longer a pure speculative playground. Institutional money only flows into sectors with PMF and real revenue like stablecoins, RWA tokenization, or perp exchanges like Hyperliquid. $BTC currently faces huge macro pressure and no longer independently leads the game. Holding on dreaming of riding waves by the old cycles is just chasing illusions. At this stage, only protocols that can print real money will thrive.