On February 24, in the past day, the entire DeFi track began to break out in full force, and as of the deadline, the average ** range of the sector is still around 13%. 
According to Coingecko data, the total market capitalization of DEX tokens exceeded $24 billion and is now $24,120,950,954, up 303%。
At the beginning of the ETH** rotation, there was an outbreak of the AI artificial intelligence sector and the DeFi track, which can not help but make people feel sincerely happy. This seems to indicate that the crypto market "rotation"** is opening early.
Especially in the United States, the average ** range is about three percentage points higher than that of other trading areas. This seems to indicate that a large amount of money is pouring into the crypto market after the approval of the BTC spot ETF, which is widely believed to be the start of the "layout" of cryptocurrencies by financial entities from Wall Street.
As we all know, this has been the case in previous bull markets, starting with BTC**, followed by ETH, and then the "Hundred Flowers Blooming" style altcoin explosion.
This round of bull market is "visible to the naked eye" and is different from any previous bull market, and there will be different degrees of "** but this time so far there are no definitive downward "signs". Some analysts believe that after February 8, the ** is to stabilize the BTC trend above $50,000 in June, so as to provide support for "attracting" more funds. This makes this round of bull market** particularly "aggressive", and it cannot be ruled out that there may be a "more persistent" trend. Because the emergence of BTC spot ETFs is continuing to be positive for the crypto market. The news shows that BTC spot ETFs are being accepted by more traditional financial institutions and platforms. Among them, the $30 billion RIA platform Carson Group approved the listing of four spot bitcoin ETFs: BlackRock's iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin**, Bitwise Bitcoin ETF and Franklin Bitcoin ETF. At the same time, Bitwise's BitB was approved to be sold online on another AUM wealth management platform with more than $100 billion. This means that more funds will flow into the crypto market through BTC spot ETFs in the future, and according to BlackRock's previous news, ETF issuers are adopting more "advertising strategies" to boost sales. Although the data released by JPMorgan Chase shows that the correlation between BTC spot ETF and Bitcoin is weakening, we have reason to believe that as the "scarcity" of BTC liquidity continues to increase, it will continue to be positive for BTC.
In addition, the BTC benefits do not end there. With the exception of the halving event two months later, macroeconomic tailwinds are accelerating.
According to Jag Kooner, head of derivatives at Bitfnex, Bitcoin is emerging as an attractive option for portfolio diversification in a macroeconomic environment where inflation persists. Kooner said various macroeconomic headwinds in 2024 could strengthen the safe-haven status of assets such as Bitcoin, ** and **. Driven by many major positives, there is a high probability that this round of bull market will make BTC reach an unprecedented height, and it is difficult for BTC** to retrace significantly after that, and it is more likely to consolidate in the high range. However, other tokens, with the exception of a few tokens such as ETH, may lose "liquidity" support as a result. The above is a personal opinion and is for reference only
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