With Bitcoin successfully breaking through $100,000 and Ethereum breaking through $4,000 this week, the peak bull market is one step closer to us. After Bitcoin surpassed $100,000, the market also experienced violent pullbacks, with the lowest price reaching $90,500, and intraday volatility close to 10%. Such operations by market makers are very common during a bull market, mainly to liquidate long positions in the market. This is how the coin price can rise better.
The old dog mentioned several times in previous articles that the altcoin season is approaching, and emphasized that as long as the cryptocurrencies you buy are not delisted on Binance, there is basically an opportunity for a price increase in this bull market. He also repeatedly advised everyone to hold onto the coins they have that haven't increased yet and wait for the market to surge. Now everyone can see that in the past two weeks, there have been daily surges in altcoins in the market, from well-established mainstream coins to classic altcoins, all of which have seen varying degrees of price increases.
From the chart, it can be seen that the share of the market occupied by altcoins has significantly increased over the past year, further indicating that the altcoin season is coming. The old dog has also preemptively invested in a few coins, such as XVG.
In just about a month's time, it has increased by around five times.
QTUM
It is also close to doubling and has already taken profits. The remaining coins, some are in profit and some are not, are still being held. However, these short-term positions account for a very small proportion of my long-term positions, as not trading for a long time can be tempting. So these trades can be considered as a way to satisfy that temptation.
In the past month, Tether has issued an additional 19 billion USDT, which is a scenario that has not occurred before. The market is expected to become even crazier with Trump's official ascension. However, before reaching the peak of the bull market, there are still plenty of opportunities in the market. Although many altcoins have surged or are currently surging, most altcoins are still hovering at the bottom of the entire bull market cycle. There is a high probability that there will still be a percentage increase or even a doubling of prices. So at this stage, everyone should still hold onto their coins and wait for the arrival of the peak bull market.
At the end of the article, I would like to remind everyone that there is no free lunch. Recently, scammers have become increasingly rampant. They lure you to trade in small exchanges, high-yield financial products to earn coins, etc., and 99.999% of them are scammers. Initially, they may give you some small gains, but in the end, they will directly swallow your principal. These incidents happen almost every day, so everyone must be very careful; there will be no free lunch.
