As Bitcoin continues to consolidate recently, according to Blockchain Center’s Altcoin Season Index, 78% of the top 50 altcoins have outperformed Bitcoin in the past 90 days. At the same time, Binance founder Changpeng Zhao and Mining Pool F2Pool co-founder Shenyu tweeted one after another, shouting that the copycat season has arrived. (Preliminary summary: The logic of the altcoin season has changed? CryptoQuant CEO: No longer dependent on Bitcoin rotation, stablecoins have become the driving force) (Background supplement: Inventory: Which "old altcoins" have reached new highs in this bull market?) As Bitcoin has recently been unable to break through the $100,000 mark and has experienced periodic consolidation. Market funds seem to have begun to flow to altcoins, and various altcoins have taken turns to rise sharply. According to Blockchain Center’s “Altcoin Season Index,” altseason has arrived if 75% of the top 50 altcoins outperformed Bitcoin over the past 90 days. The index is currently showing a sharp rise over the past few days and has crossed the critical threshold of 75 to reach 78. This means that 78% of the top 50 altcoins have outperformed Bitcoin in the past 90 days. By this number index standards, altcoins have outperformed Bitcoin. The season has arrived. Image source: Blockchain Center CZ, Shenyu calls the altcoin season has arrived. As altcoins are soaring, Binance founder Changpeng Zhao also tweeted today asking, "Which button is available on Windows and Linux, but not on Mac?" , coupled with a picture of the ALT button, seems to hint that the copycat season has arrived. Which key is available on Windows and Linux, but not on Mac? pic.twitter.com/z4wfZbPbbD — CZ BNB (@cz_binance) December 3, 2024 At the same time, the co-founder of the mining pool F2Pool Shenyu also said on the 2nd He admitted his mistake in saying that there would be no copycat season in this cycle. He tweeted: I was wrong. I didn’t expect that the copycat season would come at the end of November. I was wrong, I didn’t expect that the copycat season would come at the end of November https://t.co/wd3VNKBIqi pic.twitter.com/yZajxHDRpZ — DiscusFish (@bitfish1) December 2, 2024 Shenyu said in an exclusive interview with Dongzhong earlier this year He said that there is a high probability that there will be no "copycat season" in this bull market cycle. He said at the time that the characteristic of this cycle is that funds mainly flow into Bitcoin through ETFs and other channels. As for when these funds will flow to other cryptocurrencies, it is still being watched. However, Shenyu reminded at the time that because the market is a dynamic, complex system of multi-party games, relying only on a single indicator or historical data to predict the market top is often not suitable for the current situation. It is recommended that the best practice is to continue to observe market development and wait until a certain point is reached. Rebalancing and reallocating assets at each stage can help you maintain a stable mentality when the market drops rapidly or enters a bear market, and may increase absolute returns. Top Ten Whale Activity Surges Tokens While altcoins continue to soar, cryptocurrency market analysis agency Santiment today listed the most significant increases in the number of whale transactions this week (a single transaction must be greater than $100,000). The top 10 cryptocurrencies (market capitalization of at least US$500 million), the increase is as follows: FTN: 2700% ENS: 410.71% TWT: 358.93% ZRO: 228.3% MEME: 207.5% AMP: 175.32% AXL: 174.07% ZRO: 165.61 % CRV: 160% DAI: 160% Santiment pointed out that the high activity of whales is usually a precursor to token price fluctuations. Paying close attention to any sudden surges in whale transfers to any non-stablecoin will allow investors to make the most informed decisions for their portfolios. CryptoQuant CEO Ki Young Ju tweeted an analysis yesterday that the surge in altcoin trading volume is no longer driven by Bitcoin trading pairs, but by stablecoins and fiat currency pairs, which reflects the growth of the actual market rather than Asset rotation, stablecoin liquidity better explain the altcoin market. Related reports Bitcoin’s market share dropped to 58%. Analyst: BTC’s impact of 100,000 US dollars is blocked, and market funds may flow to altcoins such as Ethereum. Bitcoin has hit 100,000 US dollars. What should I do if I have a lot of altcoins? Bitcoin’s market share “surges to 61.6%”, hitting a new high in the past four years. Is there still room for the altcoin season? "CZ and Shenyu announced: The counterfeit season is here! A quick look at the list of the top 10 tokens locked by giant whales." This article was first published on BlockTempo, the most influential blockchain news media ).

#CZ