This year's Christmas did not turn into a Christmas crisis. The market welcomed a slight warming sentiment, which can actually be attributed to last night's U.S. stock market closing higher. The previous decline in Bitcoin was also influenced by the U.S. stock market. When U.S. stocks fall, BTC will also fluctuate the next morning or late at night. However, if it closes higher before the 25th, it means that this Christmas will likely be safely passed, and the subsequent market trend will gradually show expectations before Trump takes office.
Looking at Ethereum again, its trend is also relatively stable. Today it once broke through the first resistance level of 3500. The warming of Ethereum's rising trend is not surprising because the inflow data for Ethereum's ETF is positive, so with capital support, panic will not occur. If you have followed Crab Boss for a while, you should understand this logic, so we won't emphasize it here.
In the upcoming January market, the narrative is biased towards bulls. Firstly, around the 6th of the month, the first batch of compensation from FTX is expected to be around 16 billion USD. Objectively, most of this capital will flow back into Ethereum and altcoins, as this compensation is aimed at retail investors. The cost-effectiveness of laying low on Bitcoin at this position is not high, so from the perspective of those victims, obtaining this compensated capital, Ethereum and leading altcoins are likely to be their targets.
Next is the well-known Trump taking office on January 20. With a series of economic stimuli, including whether Trump can implement crypto policy easing and whether Bitcoin will become a strategic reserve for the U.S., this is what we look forward to. Therefore, from the perspective of early layout, if there are opportunities in the near term, besides the FTX concept, the Trump concept and the Musk concept will become the main themes in January next year.
When will the altcoin season actually arrive?
From the perspective of a boat seeking a sword, in a large market trend, the first wave will first welcome a small altcoin market, then after a slight adjustment, the second wave of a large altcoin market will arrive!
Now, this round of market has lasted for three months, and BTC has reached the critical position of 100,000 and has adjusted. At the same time, the market share of Bitcoin has also decreased. After about four weeks of fluctuations, the adjustment time has been in place, which provides a foundation for the altcoin explosion. Don't rush into the full-altcoin position; the arrival of altcoin season requires not only Bitcoin but also enough emotion and capital overflow.
For the altcoin season to truly come, Bitcoin needs to rise steadily, and Ethereum must maintain a strong upward trend. The combination of these two is the best driving force for emotion and capital. You can recall that the small strength of altcoins in November experienced a phase of Bitcoin draining, coupled with Ethereum frequently breaking through resistance levels and standing above 4000. Looking back at the Bitcoin draining phase followed by Ethereum's surge, many altcoins completed movements of more than 2-3 times, while the weak ones also increased by over 50%. Therefore, if these conditions are not met, it is difficult for altcoins to have a comprehensive explosion.
Back to the topic, saying this is not to stifle everyone's confidence and expectations but to make everyone understand that while we are looking forward to the altcoin season, we must also be wary of the risk of a downturn. Once Bitcoin and Ethereum start to correct, altcoins will also face adjustments. So, we should do well in the current stage according to the market at that time.
The altcoin season will not happen directly here. The real expectations will change the pattern of altcoins and the influx of funds through speeches released after Trump takes office. Relying solely on the current capital situation, altcoins are unlikely to meet everyone's expectations.
Since Trump's election, why has there been a bull market? Why has Ethereum risen? Why have altcoins risen? I have analyzed everything that needs to be analyzed from various dimensions, and you can review the previous articles by Crab Boss.
ETH is not yet truly in a rally phase; it must wait until it continuously increases in volume to be considered in the rally phase. A true rally involves continuous increases in volume with price rising together, which will happen quickly.
In this cycle, the game between retail investors and big players is fierce. The vast majority of people will not wait for that 1% rally time, and among those who do wait, most do not know when to run.
Once ETH starts to rally, the whole pace will be very fast. At the bottom, we need to overcome fear, and at the top, we need to overcome greed. I will notify everyone immediately when it's time to run, and there should be no hesitation when running.
With volatility comes great opportunity. The bull market next year will be much better than today, and the volatility will be more intense. Consolidation is a necessary part of this process. In this market environment, without some patience and faith, it is difficult to truly make money.
Additionally, Zen has recently been boosted by Grayscale. Let's take a look at what altcoins are associated with the Grayscale concept.
U.S. Concepts: XRP, SOL, SUI, LINK, LTC, UNI
Grayscale Holdings: ETH, ETC, LTC, BCH, SOL, XLM, ZEN, LINK, ZEC, MANA, LPT, (ENA, DOGE)