The altseason cannot begin when everyone thinks they are going to get rich with the altseason. Here, 95% lose; only the most patient and those who buy on the dip succeed.

ALTSEASON CANCELED

At the end of January, the total altcoin market cap stood at $1.46 trillion, but by Feb. 3, it had plunged to $1 trillion,marking a 31.5% decline and wiping out $460 billion in market value.

Since then, the market has shown some signs of recovery, climbing to $1.22 trillion as of this writing on Feb. 5. However, it remains nearly 16% below its January levels and 28% short of its all-time high of $1.71 trillion from November 2021.

The overall sentiment in the altcoin market remains weak.

In addition Trade wars and situation in Middle East signaling low probability of Bull run in February.

#ALTSEASON #BTC走势分析