Cointelegraph reported: Analyst Pav Hundal believes that the premise for the launch of the alt season is that BTC's market value will rise sharply, which may take place after its market value reaches the range of 65-67%, or even up to 70%.
And what is it now? Jiaolian pulled out a picture.
From the picture, we can see that BTC's market value has climbed to around 58%. This is close to the level after DeFi Summer in September 2020. At that time, BTC suddenly started at the end of 2020, sucking blood and rising, and the market share suddenly rebounded. Then in January 2021, the alts followed suit, and BTC's market share began to fall suddenly.
However, we can't always stick to the old ways. The cycle will only rhyme, but it may not always reappear in the same way.
CryptoQuant CEO said that considering its growth rate, BTC's market share is unlikely to fall rapidly. In the process of BTC's market value growth of 37%, large-cap alts rose by 16%, while small and medium-cap alts rose by 10%. The only time that small and medium-sized altcoins surpassed BTC in market value growth was during the Meme Season in April. $BTC
