BTC.D 1W

First, this indicator's trend is opposite to the overall altcoin trend.

At the end of January 2021, this indicator was below the weekly K20 moving average and consolidated for a month before collapsing.

It fell for over 100 days.

You can take a look at how ridiculous the market was during those 100 days.

Now the time and structure have arrived at the same node.

If history is similar,

then the altcoin frenzy may continue until the end of the year.