Brothers, the altcoin season is approaching!

In the later stages of each bull market, opportunities for small coins often gradually emerge, which is known as the 'altcoin season.' Looking back at the past few bull markets:

The altcoin season of 2017 began with the 2016 DAO ICO, and blockchain applications started to gradually take off.

The altcoin season of 2020/2021 originated from the DeFi Summer of 2019, with various new projects launching and on-chain activity increasing.

The current market situation is somewhat similar: BTC and ETH are consolidating, high market cap coins remain relatively stable, while on-chain funds are searching for the next focal point.

Some on-chain phenomena are worth noting:

The concentration of funds is evident: large holders, like TRX, have a high proportion of coin holdings, leading to concentrated economic power on-chain, which could impact the market.

There are opportunities for small coins: funds are flowing between large market cap coins and small-cap, emerging projects, with an increase in on-chain trading volume and activity.

In the later stages of each bull market, opportunities for small coins usually appear more concentrated, and the flow of funds is quite evident #BTC再创新高 $BTC