So, if it's no longer dependent on Bitcoin, are you saying that an altcoin season could arrive even if the Bitcoin market isn't bullish? Because, as far as I remember from the past, particularly the 2017 bull run, the definition of 'altcoin season' was truly witnessed when the entire crypto market was profitable.
Bitcoin started the run, and the altcoins followed. But if that dynamic has changed now, since Bitcoin no longer needs to be paired with altcoins due to stablecoins, does this mean that a bull run might not trigger an altcoin season?
Topic: Bitcoin has bigger chance to grow more, because capital flow now is different - page 2. (Read 272 times)
December 02, 2024, 06:29:34 AM
December 02, 2024, 06:21:58 AM
In previous cycles especially early years since 2009, cryptocurrency market is mainly around bitcoin, altcoins have trading pairs with Bitcoin. This make capital flow in and out of Bitcoin in this market, will be one of signal for altcoin season. This is pressure on Bitcoin like selling pressure when people feel they don't have good opportunity for profit with Bitcoin, they convert bitcoin to altcoins in altcoin/bitcoin trading pairs.
In this cycle, capital flow is different, and stable coins have bigger roles, that help Bitcoin to avoid selling pressures from traders and investors who want to flip capital around.
An insight on altcoin season in 2024 - 2025 bull run.
Let's discuss about Bitcoin.
In this cycle, capital flow is different, and stable coins have bigger roles, that help Bitcoin to avoid selling pressures from traders and investors who want to flip capital around.
An insight on altcoin season in 2024 - 2025 bull run.
Quote
Alt season is no longer defined by asset rotation from Bitcoin.
The surge in altcoin trading volume isn’t driven by $BTC pairs but by stablecoin and fiat pairs, reflecting real market growth rather than asset rotation.
Stablecoin liquidity better explains the altcoin markets.
The surge in altcoin trading volume isn’t driven by $BTC pairs but by stablecoin and fiat pairs, reflecting real market growth rather than asset rotation.
Stablecoin liquidity better explains the altcoin markets.
Let's discuss about Bitcoin.
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