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The cryptocurrency market has entered an era of structural diversion, with Bitcoin's market share rising to over 62% and the total cryptocurrency market value recovering to $3.5 trillion. The seven giants of artificial intelligence, semiconductors, cloud computing, and the US stock market have absorbed a large amount of venture capital, while spot Bitcoin ETFs and institutional products have led to a tendency for new funds to directly enter Bitcoin, rendering the traditional rotation logic of altcoins ineffective.