The sentiment is very fomo. Long-term holders above 90,000 are already distributing. From the perspective of volume, it has exceeded that of March this year. At present, the funds in the market have taken over. It is hard to say what will happen next, but there is no need to be pessimistic. At present, there is no sign of funds leaving the market, because U is still issuing more and not destroying, so it can be judged that the funds are waiting for Bitcoin to pull back. Then the question is whether these funds will enter the altcoin market.

Are you anxious now? Why is Bitcoin rising but altcoins are not? In fact, this is a very normal phenomenon. Looking back at the past cycles, we are now in the value discovery stage. Because last year, ETFs broke new highs before Bitcoin halving, so now that it is rising, everyone has the illusion that the bull market is about to end and there will be no altcoin season in this bull market. Now is the beginning of the halving cycle. Last year's ETF bull market did not have much capital overflow to altcoins, but this round will have some. In 2020, Bitcoin started to rise on October 5, and Ethereum did not start to exert its strength until November. It did not break new highs until January 21. Later, a large number of altcoins began to dance wildly. According to the cycle, altcoins will start to perform at the end of the month or the beginning of next month. Bitcoin's market share has also reached 61, and Ethereum has also started to have funds slowly entering since the price of Bitcoin broke 74,000. Take your time and don't worry. Everything that is coming will come.

Bitcoin owes us a sideways movement, Ethereum owes us a rebound, altcoins owe us a surge, when Bitcoin reaches this level, there are only 800 million shorts, and below 80,000 there are over 5 billion longs, everyone should still be cautious.