When will altcoins finally迎来 an opportunity for growth?
Currently, Bitcoin has reached a new high, yet most altcoins are in a correction phase, especially those on centralized exchanges (CEX), which are generally experiencing declines.
Although the total market cap of the crypto market has broken through 3.9 trillion and set a new record, this is mainly due to Bitcoin's strong performance. Bitcoin's market share has already surpassed 57.38%.
Moreover, the funding rates of many CEXs are currently unfavorable for the sustained rise of altcoins, generally remaining below 0.01%. Typically, a funding rate above 0.01% indicates a bullish market, while a rate below this value suggests a bearish tendency.
Ethereum's performance is better than most altcoins, but its exchange rate with Bitcoin is still declining.
However, last week, inflows into Ethereum ETFs reached 850 million USD, setting a historical peak.
This indicates that outside capital's interest in Ethereum is increasing day by day.
Many institutions predict that Ethereum will set a historical new high by the end of the year, and I also believe this prediction is quite likely. As long as the Ethereum development team does not encounter issues, reaching a new high is merely a matter of time.
The turnover phase of Ethereum has already ended, and it is about to enter an acceleration process.
First, Ethereum will rise, creating space for altcoins, and then altcoins will follow suit and increase.
At this moment, Ethereum seems to be ready to launch, exhibiting extremely strong momentum!
Although Bitcoin currently dominates the market, leading many to lose confidence in altcoins, I remain optimistic about the future market. In fact, everything is just beginning, and multiple rounds of favorable factors will drive the market upwards from December to March.
Do not be disturbed by those who are bearish; they claim daily that BTC will drop to 80,000, 70,000, or that there will be a black swan event triggering a significant crash.
If one continues to be bearish in a bull market, I suggest exiting early and not participating further.
Recently, altcoins have adjusted, but after the adjustment, they will continue to rise.
In this situation, it is not advisable to chase those coins that have already surged too high; rather, attention should be paid to those strong coins that have undergone a month of adjustment or have previously experienced a sharp decline, as these coins contain immense opportunities.
