The market share of Bitcoin (BTC) has reached 61%!!

The momentum of continuous rise is obvious, and the market share of altcoins is further shrinking.

However, the real "altcoin season" is still far from arriving. Although altcoins like Dogecoin (Doge), Ripple (XRP), Cardano (ADA), and Pepe have seen significant gains recently, this does not mean that the altcoin season has erupted.

Behind these gains, more short-term speculative capital flows related to factors such as elections are at play; in this context, the inflow of funds into coins like Doge is merely a temporary spillover effect.

Looking back at the bull market of 2021, the comprehensive explosion of altcoins occurred around January 1, when Bitcoin's market share reached a historical high of 73%.

The two waves of altcoin gains appeared in May 2021 and January 2022, but it is noteworthy that the altcoins that surged in these two waves were not the same, indicating that even in the altcoin craze, there are different operational cycles and market sentiments.

Therefore, hyped altcoins often do not retain popularity for long, and investors should be wary of potential corrections that may occur at any time. #比特币