🪙As long as $BTC holds around $104k, altcoins continue to disappoint. Their current behavior resembles a classic consolidation in a bear market.

This is also indicated by the metric — "1-year cumulative difference in buying/selling volume for altcoins (excluding BTC and ETH)". In December 2024, it turned positive, coinciding with a local peak in altcoins. Since then, investors seem to have vanished.

Despite the rise of BTC, the alt sector is still experiencing a "crypto winter". Without growth in this metric, there is little hope for an alt season or widespread FOMO.

❗️But there is some positivity: such accumulation phases have often ended with a powerful reversal.#PizzaDay $BTC