Will the altcoin season come? This question can be asked in another way. Will the funds for altcoin speculation still enter the market?
Referring to the altcoin season in 2021, it can be said that you sing and I take the stage, how lively. This round is not the same. Where did the funds for altcoin speculation go?
The big funds for altcoins are mainly composed of two core forces. First, BTC big players and big miners, BTC rises to a certain height, and cash out BTC funds. Second, the big operators of the exchange, such as SBF, mortgage customers' BTC to obtain funds for altcoin speculation.
At present, after the ETF was approved, the dealers of this round of BTC have changed. The dealers have become traditional capital, which is not very interested in altcoins. Traditional BTC big players dare not easily sell BTC to play altcoins, because they don’t know where traditional capital will pull BTC. After the halving of BTC, the cost of miners doubled, and their ability to speculate on altcoins was also weakened; second, the US regulatory action and the previous experience of SBF have made many big players dare not play.
Overall, with less big funds, will the altcoin season come back?