The arrival of the alt season often coincides with market cycles and specific conditions, and a key driver of this bull market is the rise of ETFs. Unlike traditional halving events, the impact of ETFs on BTC prices is gradually emerging and may become a dominant force.
Many people may regard the current price range as the top of the market, but this judgment may be wrong. The impact of global ETFs on BTC and the entire cryptocurrency industry has actually just begun. In the past 2-3 months, despite price fluctuations between $60,000 and $70,000, the continued inflow of ETF funds shows the market's long-term confidence in cryptocurrencies.
Given the long-term investment characteristics of ETFs, a large-scale sell-off is unlikely in the short term. If these funds flow in heavily at the current price level, it indicates that market participants may expect prices to rise further. The actions of the US SEC and other global giant institutions show that they are optimistic about the long-term prospects of cryptocurrencies.
Therefore, in the long run, the ETF bull market is an inevitable trend. It is only a matter of time before the current price range is broken, and based on the current market dynamics and the inflow of ETF funds, this breakthrough may come soon. Investors should pay close attention to ETF-related developments and other factors that may affect the market in order to better grasp the timing of the arrival of the cottage season.
