🤔 Have you ever had this feeling: watching the candlestick chart as BTC skyrockets to 120,000, but suddenly hearing the jubilant shout of 'Altcoin season is coming' in your ears... Is this wave of enthusiasm going to take off, or is it just another 'pipe dream'?

One, Macroeconomic Environment Boost 🌍

  • Relaxation Expectations Rise
    Expectations for Federal Reserve rate cuts are growing, the dollar index has slightly retreated, warming overall risk appetite for crypto assets.

  • Institutions Cluster to Enter
    In the past week, net inflows for BTC/ETH ETF have exceeded $1.5 billion, with large funds increasing positions, clearly answering the question 'How to trade with money?'.

Two, Bitcoin—'Stability' and 'Aggressiveness' Coexist 🐂

  • High Dominance Rate
    Despite the rising enthusiasm for small coins, BTC still holds over 60% of the market cap, remaining the true master of the situation.

  • Whale Activity Soars
    On-chain data shows the number of large addresses increased by 20%, with alerts for transfers exceeding hundreds of millions of dollars even at night—transactions happen in seconds, leaving everyone in awe.

Three, Altcoins' 'Tentative' Strength 🚀

  • ETH/BTC Ratio Bounces Back
    Bouncing back from 0.025 to 0.029, just a step away from the 0.03 mark, showing that the Ethereum camp's willingness to counter Bitcoin is increasing.

  • Altseason Index Rebounds
    The gloomy index at only 15 points in June has now risen to 39 points. Although it seems the enthusiasm has greatly increased, it's still far from the true explosion at 100 points.

  • Some Bright Spots—SOL, XRP, ADA
    In the past week, SOL rose over 18%, XRP followed with 12%, and ADA also had an 8% 'minor move', prompting players to place multiple bets.

Four, On-chain Data 'Two-tier Differentiation' ⚖️

Seeing the data is hot, but behind the 'hot' lies divergence: DeFi locking has warmed up, yet funds flowing into centralized platforms have declined, indicating market confidence is not solid.

Five, Emotional Indicator Split 😵‍💫

  • Fear and Greed Index remains high in the 'Greed' zone 🔴, indicating that fund enthusiasm is hard to suppress;

  • The search volume for 'Bitcoin Bull Market' on Google Trends hasn't kept up with the pace, even 5% lower than last month.

It's like a party, the sound system is booming, but few people are dancing—everyone is watching, afraid of tripping up at any moment.

Six, Conflict and Breaking Points: Sweet then Sour or 'Letting You Down'?

  • On-chain data and ETF inflows indicate 'there is real enthusiasm';

  • Search enthusiasm and CeFi inflows, however, seem like 'cold water'—in this game, are you rushing to the dance floor, or should you wait and see?

Don't want to follow the crowd blindly? Use Mlion.ai:

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You're just a Mlion.ai away from going from 'at a loss' to 'all in one catch' 😉

Disclaimer: The above content is for information sharing only and does not constitute any investment advice!