When will the altcoin season come? Brothers should have a sense of this. Right now, it's basically Bitcoin's world, and all altcoins are following its lead. Friends holding altcoins are indeed feeling the pain during this time. Looking at the indicators, it’s clear that the market currently favors BTC.
Comparing the market positions of altcoins and BTC makes the relationship very clear. Back in November last year, everyone was hoping for the arrival of the altcoin season, but as soon as December started, everything reversed. Altcoins were heavily hit because all the funds flowed to BTC.
However, if we take a closer look at the situation among the altcoins, it’s quite interesting. Except for ETH and stablecoins, the market position of other altcoins is rising. But if we include ETH and exclude stablecoins, then that position is declining. This indicates that ETH's price has a significant impact on the altcoin market. If ETH can rise in the future, the overall position of altcoins might recover, but that still depends on ETH's performance.
For those who are long-term investors, if you believe the bull market will continue, then consider dollar-cost averaging or patiently waiting for a change in direction. Right now, besides waiting, there aren’t many good options.
The market changes every day, and you need to seize the right moment to act. If you’re still feeling confused, you can follow me. I usually share some cutting-edge information and practical strategies, and you are welcome to discuss anytime to seize big opportunities together!
