Even on weekdays, when the U.S. stock market is closed, BTC liquidity often shows weekend-like characteristics. This phenomenon suggests that in the future, we may need to pay attention to the trends of BTC and altcoins separately according to different market backgrounds.
BTC price fluctuations are more driven by U.S. stocks, macroeconomics and fundamentals, while altcoins are usually driven by the upward trend of BTC and the liquidity of market makers in the consolidation market. In other words, the trend of BTC reflects the overall market environment more, while altcoins are affected by market capital flows and exchange market makers.
Therefore, the time point when BTC peaks may be earlier than the peak of altcoins. When BTC reaches the top, altcoins may still continue to rise, which also brings potential risks to later investors, especially in the bull market, many people will mistakenly believe that altcoins will continue to rise, and then chase high, and eventually become the "takeover man" of the market.
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