Bitcoin's overall market share has now reached 60%. According to the data from the last bull market, once it reaches around 67%, altcoins will collectively surge. Based on this data, it should happen soon, likely before mid-December.
After Bitcoin's new high, there was a slight drop, and altcoins are collectively in distress. The current market situation is very painful; Wall Street funds only buy Bitcoin, while U.S. retail investors only buy on-chain memes, leaving mid-tier altcoins temporarily abandoned by the market.
So let's wait patiently. When BTC reaches 100k+, we will see if it can inject some confidence into altcoins. As long as market confidence returns, they will collectively scream again.
