Three indicators to judge when the altcoin bull market will come
1. BTC dominance The current market share of Bitcoin is 53%, a multi-year high. The next level to watch is about 58-60%. This range has previously served as a support and resistance area. BTC.D will reach the peak of the cycle and begin to fall back. Capital will turn to SOL, ETH → mainstream coins → altcoins
2. ETH/BTC Since December 2021, ETH has been underperforming. When ETH/BTC hits the bottom and starts to pick up the bullish trend, the rising phase of the altcoin market cycle begins
3. Stablecoin inflow A key indicator of on-chain data is the inflow of stablecoins. The influx of stablecoins usually drives the momentum of altcoins. Pay close attention to the issuance of USDT on the chain, which represents the bottom-fishing sentiment. Very good