"Bitcoin Stopped"...Why Did the Quiet Market Turn Upside Down?

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While Bitcoin (BTC) entered a breathing period with no significant fluctuations over the weekend, Zcash (ZEC) surged by approximately 8% in a single day, instantly shaking up the market trend.

On May 2 (local time), crypto media outlet CryptoPotato reported that in the recent market situation, while Bitcoin showed a stable trend around $78,000, some altcoins showed relatively strong upward momentum. After attempting to break $80,000, Bitcoin's upward trend slowed, entering a sideways consolidation phase without establishing a clear direction. Coupled with the characteristic decrease in trading volume during weekends, a wait-and-see sentiment spread across the market.

Amidst this stagnant phase, Zcash recorded the most prominent rise among major altcoins. This indicated a trend where some funds moved to altcoins while Bitcoin's movement stalled.

In the weekend market, a pattern of individual altcoins experiencing short-term surges when Bitcoin consolidates has been repeated. This time, a similar trend appeared, drawing market attention to specific assets.

Meanwhile, the current market continues to pause without clear upward momentum, and funds are selectively shifting.

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