There is a data called STH-PSIL, which is the percentage of short-term holders losing money. As of the 24th, the STH-PSIL value has reached 86.9%, which means that 86% of the BTC bought within 155 days are in a floating loss state. This is the case for BTC, let alone altcoins?
I know that many friends did not buy BTC, but heavily invested in altcoins. In the current environment, they are bound to suffer, and I fully understand this feeling. But I don’t think there is really no altcoin season in this round. It’s just that there may not be a "full-blown" altcoin season, but there will be a "structural" altcoin season, provided that there is a capital overflow. And the altcoins that will eventually reap the bull market dividend must have an active community, a broad consensus basis, and convincing products (or narrative ability and enough imagination)
Without capital overflow, the altcoin season will not come!
