Recently, while watching the market, I noticed an interesting phenomenon: major coins are falling, while small coins are rising. Why exactly is there such a divergence in the cryptocurrency market? Bitcoin is currently priced at 77.63K, up 1.8% in 24 hours, but a few days ago it was still in a downward trend. Ethereum is similar, now at 2.33K, with a 2.57% increase, though its previous decline did scare off many people. Mainstream coins like BNB and XRP are fluctuating slightly, while SOL has recently risen to $84.94, much higher than its previous lows. Interestingly, while the major coins are still struggling, altcoins are starting to celebrate. Bedrock has surged 62.7%, Orochi Network up 46.1%, and many smaller coins have gained over 25%. It seems traders are shifting their focus to high-risk, high-reward small coins when the major assets perform mediocre. Bitcoin's market cap still comfortably exceeds $1.47 trillion, and Ethereum remains around $280 billion, indicating that the dominance of mainstream assets remains unshaken. But trading activity is clearly shifting, with funds seeking opportunities, especially in smaller projects with decent liquidity. Honestly, this market divergence reflects a common question: why is the cryptocurrency market splitting like this? The answer might be that cautious sentiment and risk chasing are happening simultaneously. Large institutions may be waiting, but retail and aggressive traders are already looking for the next opportunity in altcoins.

Interesting news - ProShares has finally halted its plans for 3x leveraged crypto ETFs. It concerns Bitcoin, Ether, XRP, and Solana. At first glance, it seems like a typical regulatory decision, but behind it lies a serious issue with volatility. The SEC simply protected itself. These 3x leveraged Bitcoin ETF products might not track extreme asset fluctuations accurately enough, which means investors could lose money much faster than expected. Data shows that over 350 trading days had at least one asset with 33% daily volatility — that's just an insane figure for such an instrument. I completely understand the regulators. Leveraged funds are inherently risky, and when you add a 3x multiplier to crypto volatility — it's like playing Russian roulette. ProShares withdrew their applications to try to address these issues, but in reality, it looks like a complete project freeze.