Review and Outlook of the Past Altcoin Season Characteristics
1. BTC and ETH Correlation Changes
In past altcoin seasons, after BTC rose, ETH would often take over, driving altcoins to follow suit, with strong coins sometimes surging over 10 times before ETH. Now, this correlation no longer exists; after BTC rises, ETH often shows no response, creating a new trend.
2. Sector Rotation Status
In the bull market of 2021, various sectors such as public chains, DAOs, and NFTs took turns to rise, and in 2023, L2 and AI sectors also shone collectively. Currently, the sector effects have diminished, with only a few concept coins occasionally showing movement, making it difficult to see the overall rotation scene of the past.
3. Altcoin Rising Patterns
Old altcoins typically rose in three patterns: small incremental gains, making it hard to chase and causing fear of corrections after chasing; sudden large ups and downs, with rapid rises and falls, where high-leverage traders are easily hurt; and zigzag patterns, with alternating rises and falls, testing the patience of holders.
Can the current altcoin season reproduce these "old characteristics"? Which pattern do you prefer?