For over a decade, the crypto market has experienced countless cycles. Bitcoin skyrocketed from a few cents to a market cap of tens of thousands, and Ethereum evolved from the idealistic "world computer" to "digital economic infrastructure." However, countless altcoins that started with concepts and hype have declared bankruptcy one after another—hidden behind this is a pattern that many people overlook.

Only upon closer inspection do we realize: projects that survive long-term rely not on news bombardment and conceptual narratives, but on genuine continuous inflows of funds.

Take Bitcoin as an example. Its label as "digital gold" remains credible not because of any hot news, but because of the steady absorption by institutional ETFs and the actual allocation of global funds as a safe-haven asset. This is solid financial backing. The same applies to Ethereum— from the Cancun upgrade to current ecosystem expansion, from staking economy to the booming RWA track, it may look like technological iteration on the surface, but fundamentally it’s a complete closed loop formed by Layer2 ecosystem prosperity, continuous corporate accumulation, and institutional investment. Their price movements are never determined by a single piece of news but are the result of long-term capital voting with real actions.

The contrast appears with altcoins. No matter how explosive the narratives or how dense the positive pushes, if there is no genuine influx of incremental funds, the final routine is always "pump, dump, zero out." News can cause short-term price pulses, but cannot sustain a trend. This explains why the vast majority of altcoins cannot survive a full cycle, while Bitcoin and Ethereum can withstand over ten years of bull and bear markets.

The market is just that real. To find certainty amid volatility, instead of fixating on press releases, it’s better to learn how to observe the genuine flow of funds.