Recently, there are always people shouting that the altcoin season has arrived, but when you open the candlestick chart!!!
Ethereum is still at 2500, and other altcoins are even more hesitant.
This is completely different from the historical scenario where altcoins would go wild as soon as Bitcoin slightly rises. Is the big player being merciful? Or have retail investors evolved?
1. Why has the historical script of altcoin season failed?
Looking back, when Bitcoin rises by 10%, altcoins used to dare to rise by 100%.
But in this round, funds are clearly picky:
Ethereum, as the leader of altcoins, has not risen as crazily as in 2021.
MEME coins occasionally have their moments, but their sustainability is poor, resembling a local fund game.
Established DeFi and Layer 2 projects are mostly flat, indicating that the market has no FOMO at all.
The reason is simple: retail investors have become savvy.
In the past, when the big players painted a grand picture, retail investors would rush in to buy; now everyone first asks: Have interest rates been cut? What’s the new narrative? Where is the incremental capital?
The answer is all "No", so why should I play along with you?
2. What does a real altcoin season need?
Expectations of interest rate cuts, liquidity from US stocks, institutional entry... currently all are "pending".
Internal ignition points: Ethereum ETF approval? Large-scale Web3 applications?
Right now, there are only scattered hotspots, which are not enough to ignite.
The current market is like a pile of dry firewood, but lacks a match.
The big players are not unwilling to pump the market, but after pushing it higher, no one is there to take over, making it easier to be countered.
It is not an altcoin season now, but a trailer for the altcoin season.
If you are eager to go all in, be careful of becoming the big player's ATM.
The long positions that were ambushed yesterday should continue to hold!!!
For those currently confused about the market, stay close to @king说趋势 !!! The market is about to take off.
