This season, most of us are probably surprised that BTC surpassed the old ATH before the halving and that BTC has been in the high price range for more than 200 days but Altcoin is in the bottom area and not growing đȘ.
In my opinion, altcoins cannot increase strongly because money has not flowed from BTC even though BTC has been more than x4 from the bottom and sw for more than 200 days. Surely everyone knows this when BTC.d is quite high. But the details are the vol of BTC on the floor that says it all. đ
Surely you still remember why when BTC increased from 20k to 30k, almost no one dared to buy and all viewed down because the vol of BTC was always very low and everyone thought it was an unsustainable increase and the price would test again below 20k but in fact it ran. That is mainly due to the OTC buying pressure of funds and organizations pushing the price of BTC up, not many direct buying and selling transactions on the floor, so even though the price of BTC increased strongly, the vol on the floors was low. Because the money flow that pushed up the price of BTC came from ETF funds and organizations, when the price of BTC went up, it did not flow to Altcoin. If the BTC price is driven by the transactions on the exchange itself, we will see the VoL on the exchange skyrocket and will tend to flow to Altcoin when BTC increases sharply and then Sw. With the Vol of BTC on the exchange, in my opinion, if there are no external funds to promote but only rely on the actual buying and selling force on the exchange, the current BTC price is probably only around 40k. If you are waiting for a strong altcoin season, in my opinion, the BTC price must increase with large volume on the exchanges, at that time the demand for direct buying and selling on the exchanges will increase sharply, then we will see the profit-taking cash flow from BTC to Altcoins.
