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In the last two days, BTC has continuously set new highs, followed by a pullback with higher trade volumes, but ETH has strongly led the alts to continue their pump; this situation hasn’t occurred for a long time. Generally, this phenomenon appears during a clear bull run. However, I believe this wave of market activity is just early speculation on the Fed's interest rate cut expectations for September.
However, regardless of the circumstances, Bitcoin pausing allows altcoins to rise, which is a significant positive. It at least indicates that Bitcoin's market cap share may have reached its peak, and some of the funds accumulated in Bitcoin will flow into quality altcoins, which is beneficial for the overall development of the market going forward.