Recently, I heard a ridiculous statement that as long as Bitcoin remains stable, a surge in ETH indicates the start of altcoin season. I can only say that you really don't understand anything and are misleading others. The continuous explosive rise of Bitcoin is the only sign that the altcoin season has begun; it is the only one, remember that. Many people do not understand the real situation of the bull market in 2021 and only know what they have heard. After Bitcoin stabilizes and ETH surges, what they actually don't know is that before this, Bitcoin had a continuous explosive rise for 15 days, with persistent large bullish candles, continuously creating wealth effects, topping various major media headlines for multiple days, institutions stepping in, and continuously creating wealth effects. This ultimately led to a flood of 'dumb money' and institutional participation pouring into the Bitcoin market, after which institutions continued to sell, causing outside retail investors to frantically buy. In the end, the influx of new money could not absorb so much supply, leading to a sudden crash of Bitcoin, causing panic, with outside retail investors trapped at high positions and suffering severe losses, urgently needing to recover their investments. Then, institutions took the opportunity to lead capital into altcoins, while the retail investors trapped at high positions in Bitcoin hurriedly cut their losses to chase altcoins to recover their investments. As more funds entered the market, but the pool was small, explosive rises became very easy, resulting in the appearance of dozens of billion-dollar pools. This is the core of the story. This is the key point. The premise for the start of altcoin season is the continuous, mindless, explosive rise of Bitcoin, not what you call ETH representing altcoins; the surge in ETH is what indicates the beginning of altcoin season.
Individual k#山寨季节
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