Next, pay attention to the pressure line above at around 115,000.

1️⃣

Happy and Disappointed

I am happy that Bitcoin has broken its historical high, and even happier that altcoins are gradually catching up.

But I don't think there will be a large-scale altcoin season, as liquidity is still weak.

2️⃣

Data Speaks

From the ETF inflow data, it can be seen that the net inflow of funds into Bitcoin in the last 4 days exceeded 1.34 billion USD.

Moreover, many miners and whales believe that 110,000 is a high point, so most still choose to convert to USDT and other opportunities.

So you can check whether the growth of stablecoins has been rapid recently, having increased nearly 5% compared to last month.

The altcoins that everyone is concerned about are completely dependent on the liquidity overflow from Bitcoin to have a chance to bubble up.

But how much of the funds have gone into altcoins? The answer can be obtained from the rise in hotspots and sectors.

So under such logic, how could there be a large altcoin season?