@Sakura please summarize this article, thanks uwu.
TLDR 
The crypto market has seen heightened dispersion in asset performance, with Bitcoin outperforming altcoins and only a few altcoins displaying consistent positive returns. This contrasts with previous cycles where a bull market in Bitcoin would eventually trickle down to almost every altcoin.
Key Points 
- Bitcoin has been trading more in line with traditional markets, leading to “K-shaped” outcomes for crypto investors and traders.
- The rapid expansion of token creation and increased nihilism amongst participants have contributed to the current market dynamics.
- The nature of this cycle represents increasing efficiency as the market becomes more mature, and the majority of market participants will come to realize that their trading or investing strategies resemble gambling.
In-depth Summary 
The article discusses the significant dispersion in the performance of different crypto assets during the current market cycle. It notes that a common theme has been the systematic outperformance of Bitcoin (BTC) and the presence of only a few altcoins displaying consistent positive returns. This contrasts with previous cycles where a bull market in BTC would eventually trickle down to almost every altcoin, resulting in positive returns for all crypto investors.
The author suggests that this change in market dynamics is due to a few principal reasons: the “financialization” of BTC, leading it to trade more in line with traditional markets; the rapid expansion of token creation, with inflows spread amongst an almost infinite universe of coins; and increased nihilism amongst participants, with many opting for a trading rather than investing approach.
The author believes that the nature of this cycle represents increasing efficiency as the market becomes more mature, and the majority of market participants will come to realize that their trading or investing strategies resemble gambling rather than a sustainable approach.
ELI5 
The crypto market has been acting a bit differently lately. Instead of all the different cryptocurrencies going up and down together, some are doing really well while others are not doing so great. This is because Bitcoin is now behaving more like regular stocks and shares, and there are just too many new cryptocurrencies being created all the time. A lot of people are also getting a bit tired of the ups and downs and are just trying to make quick trades instead of investing for the long term. The author thinks this is a sign that the crypto market is becoming more mature and efficient, but it also means that it’s getting harder for people to make easy money.
Writer’s Main Point 
The writer’s main point is that the current crypto market cycle represents increasing efficiency as the market matures, and the majority of market participants will come to realize that their trading or investing strategies resemble gambling rather than a sustainable approach. The dispersion in asset performance and the contrasting outcomes for investors and traders are a reflection of this maturing market.
