Why Altseason Happens: Understanding the Flow of Money in Crypto Markets
Altseason, the period when altcoins outperform Bitcoin, follows a predictable path driven by the flow of money within the crypto market. Here's a breakdown of the phases leading up to altseason:
Phase 1: Bitcoin
The flow of money initially moves into Bitcoin, causing price surges. Investors see Bitcoin as a safe entry point, leading to significant capital influx.
Phase Overlap: Bitcoin to Ethereum
As Bitcoin reaches new highs, investors seek better returns in Ethereum. However, Ethereum struggles to keep up at first, but gradually starts outperforming Bitcoin.
Phase 2: Ethereum
Ethereum's outperformance over Bitcoin becomes more evident, sparking talks of "the flippening" – the potential for Ethereum to surpass Bitcoin's market cap.
Phase Overlap: Ethereum to Large Caps
With Ethereum gaining momentum, money starts trickling into large-cap altcoins. These larger altcoins see substantial buy-ups, benefiting from Ethereum's performance.
Phase 3: Large Caps
Large caps go parabolic as Ethereum continues to outperform Bitcoin. Investors' confidence grows, driving significant price increases in these established altcoins.
Phase Overlap: Large Caps to Altcoins with Strong Fundamentals
Regardless of market cap, some fundamentally strong altcoins begin to see pumps, drawing investor interest.
Phase 4: Altseason
Large caps have gone full vertical, experiencing blow-off tops. Simultaneously, mid-caps, low caps, and micro caps all start to pump, leading to a frenzied market. During this time, nearly every coin goes parabolic, fundamentals become secondary, and the market is filled with excitement and memes.
This cyclical money flow from Bitcoin to altcoins creates the conditions for altseason. Understanding this pattern can help investors time their entries and exits more effectively, maximizing returns during these high volatility periods. Keep an eye on these phases and stay informed to make the most out of altseason!