The current altcoin market has been suppressed for too long, and there is a feeling that it could ignite at any moment. While I was writing this thought, Ethereum suddenly surged, and I wonder if this is the turning point for ETH/BTC.

Back to the main topic, let's talk about Bitcoin's market share. I researched the previous bull market where Bitcoin's market share decreased during the rising process, marking the beginning of the altcoin market. In the last bull market, Bitcoin's market share started to decline at 61% (Figure 1) and reached a peak of 52% (Figure 2). Currently, Bitcoin's market share is about 59.2%. If we were to take a hypothetical approach, it is still a decrease of 8% during the bull market. With Bitcoin's current market value at 14 trillion RMB, 8% amounts to roughly 1.1 trillion RMB, which is enough to create a frenzy in the altcoin market. Moreover, I personally feel that we are not far from the altcoin market, perhaps in 1-2 months, especially with Bitcoin's recent crazy increase. The market led by Ethereum has shown no profitability for altcoins, and many people are already unable to hold on. However, I still plan to hold onto my altcoins and do not intend to change positions. In a bull market, frequently changing positions is the most taboo, and besides, making low-to-high trades is not a good choice anyway. Just hold on tight.