Bitcoin's overall market capitalization has now reached 60%. Looking back at the data from the last bull market, it is known that when Bitcoin's market cap approaches 67%, altcoins will experience a collective explosive market.
Based on this prediction, the arrival of this moment is not far off. If nothing unexpected happens, it is likely to occur in the early to mid-December period.
After reaching new highs, Bitcoin has slightly retreated, and altcoins immediately fell into a state of gloom.
The current market situation is indeed not optimistic. Wall Street funds are only interested in Bitcoin, and retail investors in the U.S. are only focusing on on-chain meme coins, while mid-tier altcoins are mercilessly sidelined by the market, as if they were forgotten in a corner. Therefore, we can only patiently wait.
When Bitcoin's price successfully breaks through $100,000, we will then observe whether it can inject some confidence and vitality into altcoins. As long as market confidence can be restored and reshaped, I believe that many investors will be invigorated again, and the market is expected to regain vitality and energy.
