《Is There Still a Altcoin Season? Bitcoin Pressured by Trend Lines?!》
1. The market sentiment is cautiously bearish, with discussions on "gap filling" heating up, focusing on Bitcoin's support level at $81,000.
2. Although the U.S. PCE data met expectations, the core PCE equivalent was higher than anticipated, possibly influenced by these macro factors, leading Bitcoin to fall below the $84,500 range.
3. Bitcoin's dominance has climbed to 58.8%, reaching a new high since early 2021. Its share of the total cryptocurrency market value has risen from 51% in December of last year to 58.8%, breaking the expectation of an “altcoin season.”
💡 Traditional theory suggests that after Bitcoin rises, funds will rotate into high-risk altcoins, but this cycle has shown structural changes:
🔸 Institutions continue to increase their holdings, such as MicroStrategy raising funds through targeted placements to buy BTC, creating sustained buying pressure.
🔸 An influx of new tokens is diverting liquidity away from altcoins.
🔸 The ETF effect is divergent, with Bitcoin and Ethereum spot ETFs attracting capital but failing to drive a general rise in other altcoins.
Experts believe that the altcoin market may be delayed rather than disappearing, and sectors like RWA and AI, if they break through, will still attract capital rotation.
👾 Personally, I believe the most profitable way in this bull market is to be like a player, flexibly switching and taking profits when the opportunity arises.
Have a great weekend, Touch some grass!
