The market is so bad recently, why hasn't the altcoin season come yet? What do you think about the subsequent market? (Long article, read it patiently)
Because the market is already short of oxygen.
All the oxygen has been sucked dry by $BTC ETF, their derivatives, and proxy tools such as options/futures ETFs and targets such as #MSTR . For traditional financial institutions, these tools can already provide more than 80% of cryptocurrency risk exposure in a fully compliant manner. Why take the risk of speculating or turning to altcoins?
More importantly: the fully diluted valuation (FDV) of altcoins is re-anchored at a scale of about US$100 billion every year. We are likely to be in a "negative oxygen state".
The point is why there is a lack of oxygen? Or because of the interest rate cut issue. It is currently in a rate cut cycle. If the expectation is broken, it will naturally be GG. As for other miscellaneous things, there is no need to read more.
From the historical cycle law - Bitcoin halving cycle, Q2 and Q3 of 25 years are potential peaks, so everyone should be patient, don't rush, save your bullets, and make every bullet have its own value!
Finally, I will teach you how to see the typical signals of the bull top:
Greed index > 90 for several weeks, a large number of newcomers have FOMO emotions, spot trading volume has skyrocketed, contract funding rate > 0.1%, open contracts have reached a record high, and whale addresses have transferred a large number of tokens to exchanges... Multiple indicators need to be viewed comprehensively
Again, if you are a newbie and have no experience in several rounds of bull markets, you still have to be cautious about falling into the pit.
