#Altseason when and will it happen?
Based on report #Glassnode
“Recent regulatory changes in the digital asset ecosystem have driven an evolution in the investor base, leading to a greater presence of sophisticated institutional investors in the Bitcoin market. This more patient, resilient, and less price-sensitive investor base has contributed to a smaller drawdown and lower volatility over time.”
This change in the crypto industry will likely impact the much-coveted alt season. It is difficult to speculate on the timeframe of the upcoming alt season and its future structure as such, but it is likely to be different from previous alt seasons.
It is unlikely that institutional investors will convert $BTC into alts in a multiple of the amount of liquidity that entered btc from #etf
As they say: prepare for the worst, hope for the best! Patience and profit to all, gentlemen!!!