A Review of the Old Appearance and New Prospects of Altcoin Season

1. The Change in the Link Between BTC and ETH

In the past altcoin seasons, BTC would rise and ETH would often take over, leading altcoins to rise as well, with strong coins often causing ETH to surge over 10 times. This link is no longer present; when BTC rises, ETH often remains silent, creating a new situation.

2. The Situation of Sector Rotation

In 2021, sectors like public chains, DAOs, and NFTs took turns rising, and in 2023, L2 and AI sectors also shone together. Now the sector effect has weakened, with only a few conceptual coins moving occasionally, making it hard to replicate the past glory.

3. The Trends in Altcoin Price Movements

Old altcoin price movements had three patterns: slow and steady rises, where followers are cautious and worry about corrections after gains; rapid rises followed by sharp declines, where the speed of increase and decrease is fierce, making it easy for high-leverage traders to get hurt; and zigzag fluctuations, where prices rise and fall alternately, testing the patience of holders.

In this altcoin season, will the old 'journey' reappear? What are your thoughts?