#大盘走势

Why can't altcoins rise?

Bitcoin is currently 64,500, with a market value of 1.2 trillion, accounting for 53% of the total market, and the scale of altcoins is just over 1 trillion. Let's look back at the starting point of the 20-year bull market:

In October 20, Bitcoin was 11,000, accounting for 58%, with a market value of 258 billion, and the market value of altcoins was 183.2 billion. At the peak in 21, Bitcoin accounted for 42%, and the total market value of altcoins was 1.2 trillion, an increase of 6 times, but it didn't hold up in the end and fell for a long time. Although the current altcoin market value does not seem to have increased much, it has returned to the peak of the 2021 bull market, and the next is the peak period of unlocking. If you want altcoin season, the total funds required are very huge.

It can only be said that this round of altcoins is very difficult. The market value of altcoins in the last bull market increased by 6 times, and there are many currencies in the market that have increased by 10 times.

However, this round of altcoin market is already a trillion-dollar scale, and the altcoin market can probably increase by 2-3 times. There will be no altcoin season, but it will not be as crazy as the last round.

So naturally, we have to lower the high multiple expectations of the altcoin season, especially those projects that are released too quickly in the bull market and whose FDV is slowly increasing. We should be more vigilant, which will dilute a certain increase in itself. This is why I have always said that this round is a bull market for Bitcoin.