【Madman Talks Trends】BTC doesn't fall, competing coins don't rise, could it be that we are experiencing a 'fake bull market'?

The madman said...

Bitcoin just doesn't fall, and altcoins just don't rise. Could it be that we are really experiencing a 'false bull market'?

The funding of Bitcoin mainly comes from the blessing of traditional large capital, while the over-issuance, disorderly issuance, and the wealth effect on the chain will dry up the entire liquidity during the general rise. It can be seen that even the new coins listed on the universe exchange recently basically no longer have the effect of making money, and they will continue to fall online. This is enough to illustrate that the liquidity in the market is no longer there. At this time, once Bitcoin experiences a pullback, it means a comprehensive loss of funds in the market. Therefore, for small coins in CEX, risk should be considered at this time, rather than benefits.

That being said, even if Bitcoin continues to rise and break through $110,000, altcoins will still be in this half-dead state. For altcoins to improve, there must be off-exchange funds entering or the funds previously invested in high-market-value coins like DOGE, XRP, and ETH flowing out. Without the rise of these coins, it is difficult for competitive coins to perform well. As for the wealth effects on the blockchain, everyone needs to rely on their own abilities because it comes and goes quickly and is not suitable for all non-professional players. The racetrack is filled with full-time scientists, and to compete with them, not only do you need professional skills but also enough time to study.

The conclusion is that the focus now is on when Bitcoin will pull back. For all the competing coins, it is advised to wait patiently and participate in the next round. As for Bitcoin, some enthusiasts still believe that the temporary top will be between $100,000 and $120,000.

Finally, let's talk about ETH. The second one supported by traditional capital is ETH. In the future, when BTC retraces, ETH may be relatively stronger than other coins. ETH just broke through this year's new high a few days ago, and it is less than 20% away from the historical high. When Bitcoin stabilizes in the next stage, it may be the time for Ether to perform. Don't forget that Trump's cryptocurrency fund's top holding is not Bitcoin, but Ether, so don't doubt its certainty.

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"Madman's Trend": Bitcoin not falling, altcoins not rising, are we experiencing a "fake bull market"? This article was first published in "Blocklike".