This point of view is actually what we have been saying all along. What is the source of liquidity at present? The main driving force behind the current rise of#BTCstill comes from the Wall Street consensus brought by the spot ETF. I said long before the ETF was passed that this part of funds would hardly overflow into the traditional cryptocurrency market, that is, into altcoins.
The purpose of these investors is very clear, that is, to invest in #BTC, at most bring some#ETHor even nothing at all, because only BTC is the most valuable in their eyes. Without overflow funds, who will support the copycat?
Therefore, what we are waiting for is the recovery, increase or stimulation of liquidity. The first two are not possible in the short term, and only the last one, which is to stimulate liquidity, may have a chance in Q4. This is why I am looking forward to Q4.
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