Many friends say that even if Bitcoin is in a bull market, there is no chance for altcoin season. This has to be said about one coin, Pepe. Back in January 2024, it was still fluctuating at a low level, and the trading volume was pitifully low, but starting in February, ETH began to rise, and then everyone knew.
So, the market is like this: when there's panic, liquidity exits in a truly frightening manner, dropping to levels that scare you, but during FOMO, liquidity buys aggressively, rising to levels that make you question life itself. If BTC doesn’t rise, and ETH doesn’t rise, there’s definitely no altcoin season; for there to be an altcoin season, both Bitcoin and Ethereum need to rise. Even if various AI concept MEMEs take off, they still need Bitcoin to rise first. Don't mention November; just look at those days when $Swarms was rising; wasn’t it also because BTC and ETH were rising? So, there needs to be good sentiment. This is a necessary prerequisite.
As a seasoned cryptocurrency investor, I, Rabbit Fee, share my experiences and insights. Interested in the crypto world but don’t know where to start? Click on my avatar to see the introduction to the cooking industry, and let’s witness the miraculous moments together.
