Bitcoin is approaching the 100,000 mark, and the altcoin season is about to arrive. Recently, the market has shown multi-coin rotations, with coins like ADA and DOGE continuously hitting new highs after their rallies. As Bitcoin's market capitalization continues to rise, many investors have turned to low-priced altcoins in search of higher returns.
Last weekend, coins like KSM and SAND experienced violent rallies, which may be related to exchange operations, but effectively boosted market sentiment. From a cyclical perspective, the crucial 5 months of the bull market have arrived, and if altcoins do not take off now, despite Bitcoin not breaking through the 100,000 point, market sentiment has yet to be ignited. However, once it breaks through, the media hype will inevitably attract new entrants, and many new investors will also come in due to Bitcoin's price, leaning towards choosing altcoins.
As we enter the bull market upgrade, market sentiment will become dominant, and the rally behavior will further exacerbate the existing FOMO (fear of missing out).
