100,000 is a psychological barrier, at least that's the answer I got from the VCs around me. They believe that attributes beyond 100,000 are closer to gold. I believe that the explosion of altcoins will also occur after 100,000; the breakthrough of this psychological barrier will definitely lead to the entry of FOMO funds. The same applies to market makers, who will look for assets with good depth, which will facilitate liquidity exit in the future. Why did altcoins go wild in March this year? Because Bitcoin broke through its historical high and also surpassed people's two-year psychological barrier, leading to a flourishing market. On the other hand, in the middle of this year, whether in terms of liquidity or the outflow of funds from altcoins, it has actually made little difference from a deep bear market. Therefore, the market not only needs to open the floodgates but also needs to break through the literal barriers.
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