The "ETF" cash flow has been split into 2 and when will the "Altcoin Season" appear?
In the past, when Bitcoin fell, all tokens, including ETH, fell 2x or 3x compared to BTC.
Now, the cash flow has been split into 2, so sometimes when BTC falls, ETH can still stay the same or fall less than BTC.
Altcoin season only occurs when BTC accounts for less than 40% of the market capitalization because at that time, the cash flow from BTC is optimized by investors to maximize profits through profit-taking and the cash flow will flow down.
Currently, BTC accounts for more than 50% of the total market capitalization, so Altcoin season still cannot take place.
Good Luck
