The trend of altcoins is surging, and the market is hot.
Recently, the footsteps of the altcoin season have become clearer, like a summer thunderstorm, sweeping in suddenly. Various altcoins are springing up like bamboo shoots after the rain, competing to bloom. SUI public chain leads the trend, FET artificial intelligence follows closely, and today's WIF PEOPle is even more emerging, making people dazzled. Although the general rise of altcoins is rare every year, it always blooms brilliantly in the rebound after oversold. This precious opportunity is worth our careful tasting and cherishing.
On the Btc stage, the 62,700 defense line is undergoing a severe test. Yesterday, it once again became the focus of the market. Many investors took delivery at this position, showing firm confidence. The two giant whales were even more extraordinary, quietly swallowing up short orders worth 26 million US dollars near 62,800. This move undoubtedly conveyed a strong bullish signal. At the same time, the capital flow in the ETF market has also quietly changed. Yesterday, the net inflow reached 106 million US dollars. This bullish torrent has been surging for four consecutive days and is unstoppable.
Looking back, from September 19 to September 25, Btc failed to step back to 62,500 four times, and the rock-solid support is convincing. Now, once the important level of 65,000 is effectively broken, the market's eyes have been locked on the October skyline, expecting Btc to be able to stand on the new high of 70,000 US dollars in one go.
All these optimistic expectations are not groundless. At the macro level, the warm wind of the People's Bank of China's policy is blowing frequently, and the signal of further relaxation has excited the market. The global interest rate cut cycle of the Federal Reserve has put a golden coat on crypto assets, showing unprecedented bullish potential. In this era full of variables, every step of the crypto market has taken a solid step towards a more brilliant future.
