It is said that the alt season is gone, because Bitcoin has been at a high level, but the alt has fallen by 70% to 80%.
That is because institutional funds only buy Bitcoin, and the capital structure is very different from the past. In addition, the high FDV and low circulation unlocked coins have been diluting the market's existing funds. So everyone should wake up now and not buy new coins, and invest funds in fully circulated MEME and some high-quality old coins.
If there is no alt season, no one will come to play in the currency circle in the future. Who will maintain the ecology of Bitcoin and Ethereum? Institutions will play a wave when they enter the market?
I firmly believe that there will be alt season, limited to inscriptions, MEME and high-quality old coins.
Don't copy the trend of Bitcoin in the previous bull market. The current alt fall is a normal correction compared with the previous bull market. The bull market in October last year last year lasted until March, and fell sharply in April, rebounded in May, and continued to fall in June. The bottom fluctuated for another two months and started again. Looking forward to the alt season.
If you want to know more about the relevant knowledge and first-hand cutting-edge information of the currency circle, click on the avatar to follow me. Players who have increased 10 times in a month are also welcome to follow orders. Daily market analysis, high-quality potential currency recommendations #非农就业数据即将公布 #ASI代币合并计划 #美国5月核心PCE物价指数年率增幅创2021年3月以来新低 $ETH $SOL