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 in this wave is completely different? Here are some observations:

1. OnChain + OffChain TradiFi as the Main Narrative

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

BTC/ETH Micro Strategies “Token-Stock” Effect: It is becoming a trend for listed companies to include crypto assets on their balance sheets. Finding high-quality targets with “quasi-reserve assets” potential is key;

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

2. Accelerating the Authenticity of Pure Crypto Native Narratives

Ethereum Ecosystem Revival: A wave of resurgence is coming. When $ETH price breaks through, it will reignite the innovative wave of Ethereum’s technical narrative, replacing the previous Rollup-Centric grand strategy. The new ZK-Centric narrative will become the main theme;

High-Performance Layer1 Showdown: It’s no longer about TPS competition but about who can attract real economic activity. Key indicators include: stablecoin TVL share, native APY yields, institutional cooperation depth, etc.;

Last Dusk of Altcoins: The widespread altcoin season faces fundamental issues of insufficient capital momentum. Some altcoins may experience "dead cat bounce"行情. Characteristics include: concentration of chips, community activity, and whether they can leverage new concepts like AI/RWA;

3. MEME Coins Upgrading from Speculative Tools to Market Standard

Capital Efficiency: Traditional altcoins have inflated market caps and dried-up liquidity. MEME coins, with their fair launches and high turnover rates, are becoming the new darling of capital, capturing most of the dying altcoin market share;

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

New Indicator of Public Chain Strength: The market activity of MEME coins will be 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 segments will become new growth points?

Interview with TD Cowen Research Director: In-depth analysis of Strategy Q2 financial report, what are the key factors behind the $10 billion net income?