The pace of this round of bull market is faster than that of 2021. It is expected that BTC-D will peak six months after the halving, and the launch of Ethereum ETF may bring the bottom of ETH/BTC ahead of schedule.

In the middle and late stages of the bull market, there are three main reasons for the outbreak of altcoins:

Tight project funds: project parties need to maintain operations by selling coins; large investors transfer funds: large investors invest funds in altcoins after making profits on BTC, driving market bubbles; pull up shipments during market frenzy: project parties pull up prices to ship during market frenzy.

Why do altcoins fall more than 90% before bottoming out?

Because when the bear market comes, BTC will pull back sharply, and altcoins will usually experience a drop of 20~50%. When bottoming out, BTC and ETH are preferred, and altcoins will be deployed when the BTC.D index returns to normal. Finally, judge the escape top based on empirical indicators.

Although many people think that a drop of 90% is the bottom, in fact, after a drop of 90%, it may fall another 90%, and may eventually reach 99.99%.

It is not a bear market at present, but a holding stage for rising positions. During this stage, you should hold your positions firmly and not get off until you reach your target.