BTC directly charging 100,000, but the account has hit a new low! When will the altcoin season arrive?
The big pie hits a new high, altcoins hit a new low, and wallets are shrinking severely! The fact proves that as long as Ethereum doesn't move, altcoins won't rise. The rise of the big pie has nothing to do with altcoins; using the last bull market's thinking in this bull market is clearly no longer effective!
Bitcoin's overall market share has now reached 60%. According to data from the last bull market, when the share reached about 67%, altcoins collectively exploded. Based on this data, it seems quick; if nothing unexpected happens, it should be around mid-December. The later stage may not perform well and could see a significant pullback.
Especially when Bitcoin breaks through 100,000 and enters a high area, some funds in the market may choose to take profits, which could lead to a decline in Bitcoin's market share, thereby providing space for altcoins to rise.
After Bitcoin hits a new high and slightly drops, altcoins collectively cry. The current market situation is very painful; Wall Street funds only buy the big pie, and American retail investors only buy on-chain memes, while mid-level altcoins are temporarily abandoned by the market.
Memes haven't had much significant narrative these days; major platforms are gradually launching pumps, while garbage like Brother Ma Ji is also coming out to shout orders and release memes. It feels like the market is nearing its peak, but memes won't stop; this narrative will continue, just not as frenzied as before, and it will gradually cool down.
Bitcoin, whether on the 4-hour or daily level, is very healthy. There is no reason or motivation to pull back below 100k; after all, the daily level has just begun, so let's wait slowly. When it reaches 100k, let's see if it can inject some confidence into altcoins. As long as market confidence returns, everyone will scream again.
