This round of bull market has a weak relationship with altcoins. The main reasons are as follows: However, what do you think? Will altcoins take off again in this bull market? What coins have you ambushed? Let's talk about it.
1. ETF affects the flow of funds: After the approval of Bitcoin ETF, the flow of funds in the market has changed. 👀 Near qu1n+ Wei: L20240098, the incremental funds in the traditional market are more inclined to invest in Bitcoin directly through ETFs, rather than through stablecoins to Bitcoin and Ethereum, and finally to altcoins. This change has led to a lack of new liquidity injection in the altcoin market.
2. Selling pressure caused by the unlocking of VC tokens: The continuous unlocking of tokens supported by venture capital has brought continuous selling pressure to the market. Although the prices of some altcoins have fallen, the increase in circulation has led to a new high in the circulating market value, forming a situation of oversupply, which has suppressed the performance of altcoins.