Bull Market Illusion? The World's Top Exchanges Reveal That There's No Money in the Market?
There are indeed some good news in the market right now, such as China finding ways to stimulate the economy and the Federal Reserve possibly lowering interest rates. Logically, these macro positive factors should lead to capital inflow and trigger a rise in altcoins.
But the reality is that the market is still very weak. The trading volume is low, indicating that there aren't many people actually buying in. The altcoin season index is currently only 44, while it usually needs to exceed 75 to enter the altcoin frenzy season. What does this indicate? It indicates that the vast majority of altcoins have no real market activity.
$BTC is still the absolute leader, accounting for nearly 60% of the market share and attention. Although Ethereum has risen faster than Bitcoin recently, its strength alone is still far from enough to drive the entire altcoin market to take off collectively.
Don't be fooled by one or two positive news stories. In this market, sentiment far outweighs substance. The money released by the central bank hasn't even flowed into the cryptocurrency pool yet.
The current market situation, to put it bluntly, is a transitional phase. Bitcoin's status as the big brother is unshakeable; funds are hesitant to move around and are just watching. So don't expect to buy an altcoin with your eyes closed and make easy profits. The real altcoin bull market hasn't arrived yet and may even require a painful wait. What is needed now is patience, not FOMO.
