We are waiting for a big alt season, and the current pump is just a drizzle!
Although Bitcoin has risen to over 100,000, the performance of altcoins is far from that of the same period in the last bull market. The profit effect is still limited to Bitcoin, which is different from the state before 2021. During that year, the rising process was accompanied by a widespread increase with many altcoins following, and subsequently, there was a violent alt season during the consolidation period. Now, we can see none of that; only BTC is rising, and Bitcoin's market capitalization continues to remain high, while the total market capitalization has not recovered to its original position! So, a larger-scale alt season is still ahead!
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HedgeFund
· 06-28 02:18
Thinking too much, being fined a few hundred new coins every day, are you going to pump?
We are waiting for a big alt season, and the current pump is just a drizzle!
Although Bitcoin has risen to over 100,000, the performance of altcoins is far from that of the same period in the last bull market. The profit effect is still limited to Bitcoin, which is different from the state before 2021. During that year, the rising process was accompanied by a widespread increase with many altcoins following, and subsequently, there was a violent alt season during the consolidation period. Now, we can see none of that; only BTC is rising, and Bitcoin's market capitalization continues to remain high, while the total market capitalization has not recovered to its original position! So, a larger-scale alt season is still ahead!