There is a very painful thing that we must admit this season is that the #BitcoinETF has hindered and caused the altcoin season not to appear

- Of course, there will be many reasons as people say that many trends have emerged causing the capital flow to be fragmented, which is true, but that is not the main issue.

- The main and most important issue that prevents us from seeing the altcoin season still lies in the BTC ETF

- Before the BTC ETF, even in a year as downtrend strong as in 2022 or 2023, the market had big and small waves for altcoins

- But since the BTC ETF appeared, and most clearly from April 2024 until now, the market has been extremely discouraged; almost if there is a wave, it is very weak and no longer strong like before, and the waves end very quickly

- A huge amount of money flows into the ETF and is stuck there, causing the capital flow formula that you use, which is from BTC => topcoin => midcap => lowcap, to no longer be as accurate as before

- And now only BTC is the strongest, still holding above the 100k mark, while your altcoins are still very far from the shore...