According to Deep Tide TechFlow news, on November 19, QCP Asia Colour reported that BTC and ETH had steady movements over the weekend, while SOL performed excellently, rebounding about 17% from Friday's lows. With the emergence of a pro-crypto Trump administration, SOL and other altcoins seem to be gaining attention. Historical data shows that whenever mainstream coins consolidate after a significant rise, altcoins often perform well as profits shift to smaller market cap coins. Currently, BTC's dominance is around 60%, and it may need to drop below 58% to signal the start of the altcoin season.
Although investors may not be fully ready to turn to altcoins, BTC seems to have further room for growth, aiming for the 100k milestone. In the context of expectations for the Trump administration's pro-crypto policies and more interest rate cuts, the likelihood of an altcoin season fully arriving in the coming months cannot be ignored.
Although there were net outflows from ETFs last Thursday and Friday, BTC still received relatively good support, with institutions maintaining strength. Earlier today, Japan's Metaplanet announced plans to use funds raised from its bond sales to purchase more BTC, following in MicroStrategy's footsteps. With political and institutional factors aligning, the prediction of BTC reaching 100k no longer seems like a fantasy.
