"ETH Trend Becomes a Benchmark for Altcoins: The Bull Market is Not Over, Institutional Fund Movements are Key"💥

Is there an altcoin season? It depends on how ETH (Ethereum) performs.

BTC has broken previous highs and is heading towards $100,000, while ETH hasn't even broken its previous high, so it's normal for altcoins to not perform well right now.

The altcoin market depends on the changes in the BTC and ETH exchange rate. If BTC continues to rise and ETH can outpace BTC, altcoins might surge, but I have some doubts about the current liquidity.

If ETH remains this weak, there will definitely be no altcoin season, at most a few strong coins may make an appearance. If BTC also takes a hit, hoping for its liquidity to flow into altcoins is just wishful thinking.

Don't cling to old ideas; policies, fundamentals, and liquidity have changed. Institutions love BTC, and ETH's ETF is just a drop in the bucket.

Value coins have been issued too much, market caps are huge, and there are massive unlocks; this liquidity is not enough to pull up altcoins. Anyway, this is my view; different positions lead to different thoughts.

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