In each cycle, we will find that Bitcoin rises first and rises throughout the entire bull market, but altcoins are mostly at the bottom. If the bull market lasts for two years, then a year and a half is a bear market for altcoins, and the real main rise of altcoins is only half a year;
The reason for the emergence of this rule is not complicated. In the early stage of the bull market, the entire industry is still in the fear of the bear market. Funds only dare to buy Bitcoin with the lowest risk. No one dares to touch the altcoins that fall to despair, so Bitcoin starts to rise;
In the middle of the bull market, Bitcoin has broken through the previous high of the historical cycle, the market has begun to pick up, and the market panic has eased, which has motivated people to start investing in altcoins. On the other hand, Bitcoin funds have begun to overflow, because long-term holders have already obtained sufficient returns in Bitcoin, and undervalued altcoins are more valuable. Attractive;
So when the price of BTC is 73,000, a large number of long-term holders are selling, which limits the rise of Bitcoin in the later period;
Although BTC is still consolidating in the 68,000 area, after the consolidation, the altcoin will inevitably start the main rising wave, and the increase will exceed Bitcoin;
When the altcoin completes the main rising wave and Bitcoin consolidates at the top, the rise of the altcoin will attract a large number of off-market investors, including the last grandpa and aunt to enter the market;
The last batch of people can no longer buy cheap altcoins, and can only choose junk coins that have not yet started. When junk coins are all soaring, the bull market is basically declared over;
This is the law of the bull market rise. Even if there is no off-market funds coming in, the funds of Bitcoin will naturally overflow, and then the spring of altcoins will come; $BTC
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