🫡 ALTSEASON. Read.
>>> “When will altseason happen?!”

Most top altcoin founders have a lot of BTC & ETH. These two assets are the oldest in crypto, and because of this, they contain all the liquidity in the market. Any altcoin has a mission for its founder—to gain profit: more BTC, more ETH, more USDT. Because of that, from time to time, we see weak altcoins and a strong Bitcoin. At this moment, they buy and pump altcoins a lot.

The top chart is Bitcoin Dominance against other tokens. And now (31 Oct 2024), we see Bitcoin at an all-time high and altcoins nearly dead. But wait for it; you will see that liquidity will jump into your favorite token.

The bottom chart is DXY, meaning the dominance of the dollar against other currencies. That’s why I think the Bitcoin team (corporations, not Satoshi) built a fiat-like system, and we should expand this theory to understand more.

Remember, the end of 2025 - the end of the bull market.

Interesting insights on altseason and the dynamics between BTC, ETH, and altcoins. Looking forward to seeing how liquidity will shift in the market. Thanks for sharing your perspective.