The exciting moment is just around the corner
The cryptocurrency market has once again reached a critical position, with Bitcoin's market capitalization currently accounting for nearly 60% of the entire crypto space. At this point, altcoins may start to show some improvement, but why is that?
According to historical trends, when Bitcoin's market cap ratio surpasses this value, the crypto market will soon begin to correct, and altcoins are likely to start catching up or become more resilient to downturns.
I have summarized the current situation regarding Bitcoin and altcoins in hopes of assisting my fellow brothers still navigating through the market:
For Bitcoin, various institutions are still accelerating their purchases; the demand for Bitcoin still exceeds supply, and the market is still in an upward trend. Even if Trump loses, it won't affect the long-term positive trajectory.
As for altcoins, although their exchange rate against Bitcoin has been declining, the lows in the corrections have been rising, so patient brothers can wait a bit longer.
Regarding altcoins, there is still a fundamental lack of liquidity, with funds flowing into ETFs instead of altcoins. Of course, we cannot ignore that the increasing number of altcoin projects leads to infinite dilution, and after being listed, they are often heavily sold off. Most of this round has shifted towards MEME speculation, but it is just a fad; the best strategy is to take profits and exit, rather than thinking about the bigger picture.
CZ mentioned that this year is just a warm-up for recovery, and next year will be the real second half of the bull market, so I advise my brothers not to be indecisive at every slight change in the market. Stay firm in your beliefs and don’t get left behind.
Brother Feng has opened a chat room on Binance (69241991) where spot and futures strategies are updated daily. Interested friends can come and take a look.
If you don't know how to enter the chat room, click on the three dots in the upper right corner of the futures section → Chat Room → Search for Room ID (69241991) to enter the chat room.
