📈 Bitcoin has broken a new high reaching about $111,000, usually after breaking historical highs, there tends to be a significant pullback before moving on to altcoins. Especially in the past two weeks, the FOMC announced to keep interest rates unchanged, which stirred the entire market.

This wave of ETH has also risen from around $1,400 to nearly $2,800 now. Not to mention mid to small cap altcoins, such as @virtuals_io and projects like $KAITO, have directly increased by 2-3 times, with market values reaching several billion dollars.

In addition, large altcoins (Mega Alts) like $SUI and $HYPE have risen from $1.6 to $4 and from $7 to $36, the overall market has really surged a lot.

So this pullback is completely reasonable, and there might be a period of small sideways consolidation. If the next FOMC meeting also keeps interest rates unchanged, it should signal another market uptrend.

Every time Bitcoin reaches a new high, AltSeason usually follows, so it is reasonable to speculate now: the altcoin season may not have fully unfolded yet. Moreover, the Strategy continues to buy several hundred million to several billion dollars of $BTC every two weeks, which has also driven BlackRock, Blackstone, Fidelity, and even national reserves to increase their Bitcoin allocations.

The actual circulating supply of Bitcoin in the market is decreasing, and the overall pattern still looks healthy, so there is no need to be too nervous, just keep an eye on market dynamics.

Some sectors did not rise in this wave and are still in a discounted state.

For example: DeFI, gamefi, RWA, DePIN, Solana ecosystem projects.

What do you think? Leave a comment to let me know, and you could win $ZEUS 👀