Currently, institutional investors are rushing into the market, driving up the market value of Bitcoin. Retail investors are rarely involved with Bitcoin. Most are buying altcoins, which only gain market confidence from Bitcoin.

Weak support for altcoins: 1. Bitcoin breaks new highs, various news from social media brings some newcomers into the market. 2. Existing users increase their holdings. Both have a major prerequisite: Bitcoin needs to rise high enough and maintain that level for a period of time.

Specifically, it should exceed the previous high of 74,000 and remain there for three months.

In fact, during the altcoin bull market, many people also lose money. Over a longer time frame, more than 90% lose money, and the reason is very simple... more on that next time.