Bitcoin's rise is approaching $100,000, what should you do with a portfolio full of altcoins?

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In the current cryptocurrency market, the increase in Bitcoin (BTC) is remarkable, with its market value nearing the $100,000 mark. Meanwhile, the long-to-short ratio on OKEx contracts is only 0.5. Bitcoin's market dominance has reached 61%, setting a new high, while the altcoin market has generally experienced a pullback, especially with significant declines in meme coins.

In this market environment, I personally prefer a dollar-cost averaging and long-term accumulation strategy for altcoins. Currently, Bitcoin's market share is at a high, with funds concentrating on Bitcoin, creating a "bloodsucking effect." This makes it difficult for altcoins to strengthen independently, and the recent market performance has indeed been in a downward trend. Fortunately, the strategic focus since May has been to go long on Bitcoin and short on Ethereum, which has shown clear results.

In light of this market situation, investors holding altcoins can consider a dollar-cost averaging strategy, while those who have not yet entered the market can patiently wait. Do not be overly optimistic; the total amount of funds in the market is limited, and an influx of funds on one side often means that the other side will become the market's "fuel." Everyone is aware of Bitcoin's high "fuel consumption."

Next, the breakout point for altcoins may occur when Bitcoin reaches a peak or after a significant pullback. Especially when Bitcoin breaks above $100,000 and enters a high range, some funds in the market may choose to take profits, which could lower Bitcoin's market share and create opportunities for the rise of altcoins.

Therefore, at this stage, dollar-cost averaging and accumulating altcoins is a more prudent strategy. This approach can help investors accumulate chips during market downturns and prepare for potential future market surges. Of course, this is just a reference suggestion; investment decisions should still be adjusted based on individual risk tolerance and real-time market changes.

For those investors who missed the boat on Bitcoin, there is no need to be overly anxious. Think about those who insisted on shorting throughout the bull market; do they feel a bit more at ease? The market is always full of unknowns and variables. Staying calm and rational is the key to navigating this game successfully.$BTC