Casting the top requires a process!～～

💵523 market update

So far, the chart below has not made any mistakes, as old fans should know, the accuracy is still commendable.

Next, pay attention to the resistance line above at around 115,000.

1️⃣ Both happy and disappointed

I am very happy that Bitcoin has broken its historical high, and even happier that altcoins are gradually starting to catch up.

But I don't believe there will be a large-scale altcoin season because liquidity remains weak.

2️⃣ Let the data speak

From the inflow data of ETFs, we can see that in the last 4 days, the net inflow of funds into Bitcoin has exceeded 1.34 billion USD.

Moreover, many miners and whales believe that 110,000 is a high point, so most still choose to convert to USDT for opportunities.

So you can see if the growth of stablecoins has been rapid recently, increasing nearly 5% compared to last month.

The altcoins everyone is concerned about are completely a result of the liquidity overflow from Bitcoin, which gives them a chance to bubble up.

But how much capital has actually gone into altcoins? This can be answered by looking at the gains of hot sectors and categories.

So under this logic, how could there be a large altcoin season.