Weird Bitcoin Bull Run: Memecoins Eclipse Big Cryptos as Retail Stays Sidelined

• Analysts calling current Bitcoin halving cycle the "weirdest" bull market ever • Liquidity flowing into memecoins instead of Bitcoin and Ethereum like previous cycles • Memecoin market cap surged to $70B driven by new token pumps • Market more driven by narratives than fundamentals, with retail not participating meaningfully • Bitcoin hit all-time high before halving, unlike previous cycles where ATH came after