What stage is the altcoin currently in?

First, let's talk about the rhythm of the entire bull market. This round of bull market is divided into two completely different stages around the time when Bitcoin breaks through 100k. After breaking through 100k, the entire bull market will enter an acceleration phase, a super FOMO phase, where both Bitcoin and altcoins will surge wildly in turn. Therefore, I have repeatedly said that the 100k mark for Bitcoin will not be easily broken, even if it is still 10 dollars away, it will not break through now.

The significance of 100k is very strong. Before breaking through 100k, currently, BTC and SOL are in consolidation. This rhythm has been talked about repeatedly and will not be elaborated on again. The Ethereum exchange rate has started to reverse, old altcoins are surging, and the water level of new coins is continually rising.

The altcoin season is currently in its early stage. Don’t be fooled by the crazy rise of the old junk coins; this is just an appetizer. The Ethereum exchange rate has just started to reverse, and ETH ETF has just begun to see net inflows. What follows is waiting for a big surge in Ethereum. Although we have not yet seen any favorable news for ETH, I believe it will come soon, coinciding with Ethereum's big rise.

It should be noted that this time the altcoin sector is just a rebound. There is room for a good rise, but it is still advisable to secure profits unless there is significant application innovation in Ethereum, leading to a trend-driven bull market. There is also a volatility risk here: Bitcoin's short-term rise from 60,000 to the 100,000 mark has seen the open contract scale surge from 35 billion to 64 billion dollars, creating downward pressure on long leverage. If a wave of deleveraging occurs in the short term, it could be a good entry point, so there is no need to worry too much.