Bitcoin market value share is peaking in the short term～～

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527 Market Analysis

Currently, the market value share of BTC against altcoins has reached about 64%, and it has already touched the long-term resistance line since 2017.

The last time it reached this line was in 2021 and 2020, during the double-headed bull market.

But don’t celebrate too early; I believe that after reaching a peak in the short term, there won't be a significant drop in market value share, meaning there won't be a major altcoin season.

The BTC market value share around 60% remains a very strong support point, and from a longer perspective, it is clearly heading towards a low-volatility triangular convergence pattern.

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Why can't we compare to 2020 and 2021?

The scale has increased.

External forces have increased.

Many large institutions on Wall Street have entered not for speculative swings but are holding long-term.

The hot money centered around Bitcoin will only continue to grow.

Therefore, from a broader trend perspective, it is inevitable that Bitcoin's exchange rate will long suppress altcoins, so don't fantasize about a collapse in market value share.

The times have changed, and the logic has changed too.

Altcoins have differentiation, hotspots, and as long as there is money to be made, that is enough.

If you are still living in the dream of the last bull market, you are destined to be disappointed in this round.