Why is Bitcoin stable at 96,000 while altcoins can’t recover!?
The price of Bitcoin is stable at 96,000 USD, but the gains of many altcoins have all been wiped out.
The main reason behind this is the change in trading volume.
Do you remember those coins that had trading volumes exceeding ETH or even BTC on weekends?
Like DOGE, PEPE, XRP, PNUT, and ACT, etc. Looking at their current trends, you will understand that the funds are trapped, and the so-called altcoin season has not truly arrived.
American investors prefer Bitcoin because it aligns with the background of value investing.
If choosing other coins, it might be RWA (real-world assets) because these types of assets can be valued; or leading public chains, because they can generate value.
Most other sectors are just fleeting moments, many are self-promotion within the industry, and traditional investors would not look at them at all.
The real altcoin season might present itself in another form, definitely not a universal surge.
Look at the gainers list this weekend; it’s simply dismal.
Quoted from 【Madman Talks Trends】
