#山寨币走势展望
The big cake doesn't seem to absorb blood anymore!
Has the horn of the altcoin army sounded?
Let's first see how Ethereum performs...
Ethereum ETF has seen positive net inflows for three consecutive days, with a net inflow amount reaching as high as $40.6 million on Tuesday. This situation stands in stark contrast to the continuous net outflows from Bitcoin ETF.
Currently, the market is gradually shifting funds from the big cake to Ethereum and altcoins. Behind this phenomenon, besides investors' expectations for the altcoin market, the progress of Ethereum's ecological construction and the strong momentum in the derivatives market also play a crucial role.
After a pullback in the big cake, Ethereum is gradually reclaiming lost ground, with many signs indicating that market funds are shifting towards ETH and altcoins. Since ETH fell to a low of $0.3204 on November 21, the ETH/BTC ratio (used to measure ETH's performance relative to BTC) has surged by more than 15%.
The upward trend of Ethereum is closely linked to the strong bullish atmosphere in its derivatives market. According to data, ETH open interest reached a historical peak of 6.55 million ETH on Wednesday, valued at $23.34 billion, continuing the growth trend of the past two weeks.
In addition, related data indicates that the three-month premium of ETH has rapidly surged to 16% on cryptocurrency exchanges such as Binance, OKX, and Deribit.
Although the market is generally optimistic about the arrival of the altcoin market, Old Li remains rational, as the lack of new retail funds may delay the altcoin market.
For the altcoins to return to their historical market value highs, a large influx of new funds is necessary.
The current situation where altcoins are valued below their historical highs reflects the decreasing liquidity brought by new users in the market.
Altcoins need to focus on developing independent strategies to attract new funds, rather than solely relying on the trends of the big cake or second cake. However, overall, it is indeed correct to remain "confident" about the future development prospects of altcoins; it is just a matter of time.
If anyone feels confused due to market fluctuations and doesn't know how to deal with being trapped, or feels misled during their operations, feel free to reach out for a discussion!
I am Old Li.