When will the altcoin market start? Two key indicators
For the altcoin market that investors are concerned about, the market consensus points to two major observation dimensions:
1. The "barometer" of Bitcoin's market capitalization ratio: Currently, Bitcoin's market capitalization ratio is about 64%, close to the peak of the last bull market (71%). Historical experience shows that when Bitcoin's market capitalization ratio falls from a high level, funds often spill over to mainstream coins and altcoins. The current market is at a critical point: if the Bitcoin ratio drops below 60%, it may signal the start of altcoin season.
2. The "funding hub" role of Ethereum: As the core of the public chain ecosystem, the exchange rate between Ethereum (ETH) and Bitcoin (ETH/BTC) is an important indicator of market risk appetite. If macro liquidity improves, ETH may become a "transit station" for funds flowing from Bitcoin to altcoins.
