The crash of altcoins has left many people in a panic, but the data will tell you that the altcoin market is far from over.
The Altcoin Season Index is currently hovering around 40, which leaves a lot of room to the historical peak of 75. This is reminiscent of the rapid washout and subsequent surge in the 50-60 range during past bull markets.
The global M2 liquidity cycle shows that the market still has at least two months of upward time window. The current divergence between the crypto market and liquidity will eventually be corrected.
Bitcoin's AHR999 indicator is still within the dollar-cost averaging zone, and most of the twenty-plus top warning indicators have not been triggered, indicating that this is merely a fluctuation washout in the middle of a bull market.
Main funds are clearing floating chips through severe volatility in preparation for the next wave of a major upward trend. However, it is important to recognize that the future altcoin market will be structural; only those projects that truly attract capital and have narrative hotspots will perform. The era of blindly speculating on junk coins is over.
The market is entering a new phase of survival of the fittest, and patiently holding quality assets is the way to go.
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