How to seek Alpha returns in this bull market?
Discover strategies to identify high-yield opportunities, analyze market trends, and optimize your investment portfolio to maximize gains during this bullish phase.

Author: Haotian

Everyone is shouting that the bull market is coming, but do you realize that the methodology for finding market Alpha and Beta has completely changed? Here are some observations:

1. OnChain + OffChain Traditional Finance as the Main Narrative

Stablecoin Infrastructure: Stablecoins are becoming the “blood” connecting traditional finance with DeFi infrastructure. Cross-chain liquidity of stablecoins, APY yield differences, and new innovative expansions are key areas.

BTC/ETH Micro Strategies “Token-Equity” Effect: More listed companies are incorporating crypto assets into their balance sheets. Finding high-quality targets with “quasi-reserve assets” is becoming crucial.

Rise of Wall Street Innovation Tracks: DeFi protocols, compliant yield products, and on-chain asset management tools designed for institutions will attract massive capital. The old “Code is Law” has evolved into the new “Compliance is King.”

2. The Pure Native Narrative of Crypto Accelerates the Debunking of Falsehoods

Ethereum Ecosystem Revival: A surge in $ETH price will reignite innovation in Ethereum’s technical narrative, replacing the previous Rollup-Centric strategy. The new ZK-Centric approach will become the main theme.

High-Performance Layer 1 Competition: It’s no longer about TPS races but about who can attract real economic activity. Key indicators include: stablecoin TVL share, native APY yields, institutional collaboration depth, etc.

Last Dusk of Altcoins: The widespread altcoin season faces fundamental issues of insufficient capital momentum. Some altcoins may experience “dead cat bounce” patterns. Characteristics include: concentrated chips, active communities, and whether they can leverage new concepts like AI/RWA.

3. MEME Coins Evolve from Speculative Tools to Market Mainstream

Capital Efficiency: Traditional altcoins are often overvalued with liquidity shortages. MEME coins, with their fair launches and high turnover rates, are becoming the new favorite for capital, capturing most of the dying altcoin market share.

Attention Economy Dominance: Influencer impact, community culture, and FOMO-driven hot topics remain core competitive advantages. Liquidity distribution still follows the law of attention.

New Indicators for Public Chain Strength: Market activity of MEME coins will become an important standard to measure the overall strength of public chains.

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Recommended Reading:

Interview with Oppenheimer Executive Director: Coinbase Q2 Trading Revenue Falls Short of Expectations, Which Business Areas Will Become New Growth Points?

Interview with TD Cowen Research Director: In-Depth Analysis of Strategy Q2 Financials, What Are the Key Factors Behind the $10 Billion Net Income?