#Bitcoin halving has passed, what's next for #Altcoins?

The biggest event for Bitcoin has passed. Two events. The Spot ETF and the halving.

Altcoins have dropped by more than sixty percent in three months time.

What's next?

It's time to discuss some important topics.

First of all: the markets are not in a bear market, but it depends on the narrative that you're looking at the markets.

If you're looking at USD values, then you can conclude that the markets aren't in a bear market as we've been running up substantially.

However, when you're changing your base narrative, and you adjust to BTC as your base currency, then it's Christmas as everything is so heavily undervalued and generate massive returns for you.

Why is that and what do I mean by having low valuations?

1️⃣ - If your narrative is based on BTC valuations, then you can automatically conclude that we're still in the longest bear market for altcoins. This also translates towards the current sentiment, which is still super bad as retail isn't interested. As an example; Chainlink has been in a bear market for 3.5 years. Ethereum has been in a bear market for 2.5 years.

2️⃣ - BTC valuations are more important than USD valuations, as they provide a clearer picture. For instance; Chainlink has been going up from $6 to $12, but if Bitcoin ran up from $25,000 to $70,000, you would have been better off by holding Bitcoin in that period, as that generates a higher ROI.

In that aspect, we've just witnessed two big events and, slowly, but surely, you can see that the rotation has started towards altcoins.

I'll discuss some important topics for this.

- First of all, the Bitcoin Spot ETF hype has gone away, it has been taking the spotlight, but it has ultimately had its spotlight and it vanished away, however, the liquidity will still be provided through the ETF in the upcoming years.

- Secondly, the Bitcoin halving has finished, which is usually the biggest event in the history of Bitcoin, after which the spotlight starts to go away towards altcoins.