Why after Bitcoin halved, altcoins still can't rise, showing a weak state?
Bitcoin is currently 64,500, with a market value of 1.2 trillion, accounting for 53% of the total market, and the scale of altcoins is just over 1 trillion.
Looking back at the starting point of the 20-year bull market:
In October 20, Bitcoin was 11,000, accounting for 58%, with a market value of 258 billion, and the market value of altcoins was 183.2 billion.
At the peak of 21, Bitcoin accounted for 42%, and the total market value of altcoins was 1.2 trillion, an increase of 6 times, but it didn't hold up in the end and fell for a long time.
Although the current altcoin market value does not seem to have risen much, it has returned to the peak of the 2021 bull market, and the next is the peak period of unlocking. If you want the altcoin season, the total funds required are very huge.
It can only be said that this round of altcoins is very difficult. The market value of altcoins in the last bull market has increased by 6 times, and there are many currencies in the market that have increased by 10 times.
However, this round of the copycat market is already a trillion-dollar scale, and the copycat market can probably double or triple its scale. There will be a copycat season, but it will not be as enthusiastic as the last round.
So naturally, we have to lower our high expectations for the copycat season, especially for those projects that are released too quickly in the bull market and whose FDV is slowly increasing. This will dilute a certain increase.
