What is Altcoin Season? I think it can be understood like this:
1️⃣ First, break through the price peak of March
2️⃣ Then, break through the historical high of 2021
This process is actually the movement of capital in and out:
👉 Capital flowing into BTC
• BTC's dominance will increase • Capital from altcoins will be withdrawn, causing prices to drop
👉 Capital flowing out of BTC
• BTC's dominance will decrease • Altcoins will attract capital inflow, causing prices to soar
Therefore, Altcoin Season is the result of capital flowing between different cryptocurrencies. The most important thing is to go with the trend, don't be greedy against the trend!
