So many people compare same month of the past year and think they are making good macro level decisions based on that.
- You didn't have ETFs last year.
- You didn't have tariffs last year. You had NFTs craze which has pretty much died down.
- We didn't have crypto reserves last year.
- People are now on average smarter and are less likely to repeat the mistakes that costed them fortunes last year.
- BTC dominance was never this high before. People now firmly believe btc is one of the best long term savings of the profits they make from their altcoins.
All these shifting trends and geopolitics will affect a lot more on crypto than any charts and patterns.
This time we are likely to see a lot of altcoins die at the cost of others.