<ul><li>Crypto firm Matrixport explains why the current bull market differs from the 2021 bull run as altcoins lag behind Bitcoin, which reached a new all-time high (ATH) at $111,900.</li><li>Institutional investors are driving the current Bitcoin price rally, causing retail engagement indicators to remain low, leading to subdued funding rates, low retail activity, and lagging altcoins in this bull market.</li><li>Retail's share of Bitcoin ownership is no longer expanding as crypto whales absorb most of the supply, pushing retail investors to the sidelines, contributing to the market difference from 2021.</li><li>Market participants are observing a transfer of Bitcoin from early adopters to corporations and institutional investors. As Bitcoin price rally is driven by spot market accumulation, altcoins are lagging due to the absence of retail traders.</li></ul>

Altcoins Lag As Bitcoin Price Breaks $111,000: Why This Bull Market Is Different From 2021

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