#MEME趋势风向
BTC hits a new high, breaking through $97,000. Where is the spring of altcoins?
The latest market shows that the price of BTC has risen again, this time directly breaking through the $97,000 mark! Its market capitalization has also risen to 59.5%, which makes investors very happy. However, altcoin players are a little depressed, feeling that their coins have been "sucked" by BTC.
You see, BTC's rise has risen by 4.85% in 24 hours, and now stands firmly at $97,132. Various technical indicators also show that this rise is not over yet. But altcoins are still silent, which makes players in the community anxious.
In fact, if altcoins want to rise, they usually have to wait for BTC to rise to a stable high level first, and then investors are willing to transfer funds from BTC to altcoins. This is like water flowing to lower places, and funds also flow from large-scale assets to small-scale assets. So, BTC has to rise first before altcoins have a chance.
But then again, if BTC's dominance declines, it means that investors are starting to shift their funds to altcoins. At this time, the altcoin season may be coming. However, BTC's market capitalization is still 59.5%, which is still a bit far from that critical level.
Let's look at the trading volume of altcoins. Although it has not exceeded BTC yet, if it exceeds it one day, it means that altcoins are beginning to attract the attention of traders and investors. In addition, the Altcoin Seasonal Index (ASI) is only 31 now, which is far from 75.
In general, BTC's new high is a shot in the arm for the entire cryptocurrency market. However, for altcoin investors, they still have to wait patiently for changes in market capital flows. After all, the altcoin market always reacts half a beat slower. However, don't be too anxious. With the maturity of market conditions and the stability of BTC, the spring of altcoins may not be far away. Investors, you still need to pay more attention to market indicators and macroeconomic changes, so as to seize the best investment opportunities!
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