When Bitcoin (BTC) reaches a new all-time high (ATH), it often triggers a “money rotation” effect in the cryptocurrency market. After this phase, investors tend to redirect their profits into altcoins, seeking new opportunities for higher returns. This can mark the beginning of an “altcoin season,” where altcoins outperform BTC in the short term. However, the strength of this season depends on factors such as overall liquidity, macroeconomic conditions, and market sentiment toward risk assets.