qtending

Ok let's get started, you can see that the market is currently very bad, $BTC up but #altcoins slightly up, BTC is down and altcoins are down sharply, and right now many have already created or are about to create new lows. Personally, I believe that altcoin #season will not come this year, the reason is as follows

1 - Investor psychology and the global economic situation

The current market sentiment of investors is still cautious and fearful. #Fed cutting interest rates, promising to end #QTEnding by the end of the year but prices are still dropping. The reason can be seen with Gold - the best safe-haven asset ever is skyrocketing. Since the beginning of the year, Gold has increased by 50%, clearly reflecting the fear and safe-haven appetite of investors in the current context. Trade wars, tariff wars, geopolitical conflicts all over the world push the US economy into a period of stagflation. I still hold the old view that only when Gold truly crashes hard will crypto be able to grow. Many are shouting about BTC having new ATHs and all that, but that's just BTC, how many are currently holding BTC? BTC has an ETF, which is a recognition, yet even up to $ETH there is #ETF it has dropped nearly 30% from its peak. The upcoming global economic picture is still bleak as the Fed cuts interest rates just to save the labor market while inflation is still not controllable, this will cause inflation on top of inflation, and the dollar will lose value. That’s why investors no longer believe in the value of the dollar, and of course, Gold is the chosen one. Look at the gold buying reports from central banks to see their concerns about the economic picture ahead; if the big players are scared like that, then the big fish, small fish, and little fish in high-risk markets like crypto must know who they are and where they stand.