This time, if the altcoin season doesn't arrive, the number of cryptocurrency users will decrease by 50%
In previous years, every time BTC broke a new high, it marked the start of the altcoin season. However, in this round, last March and December, BTC reached new highs twice, and altcoins indeed surged for one to two weeks. Everyone thought the altcoin season had arrived, but the BTC whales played two tricks on everyone. Shortly after BTC hit a new high, it dropped back down, and after a collective surge, altcoins collectively plummeted, ending up at prices even lower than before the surge.
In fact, this is just the BTC whales having fun at the expense of the altcoin whales and retail investors twice.
So this time, although BTC has once again reached a new high, most altcoins are more cautious, not following the rise and still lying low, after all, they have been deceived and are now afraid. In previous years, when BTC broke new highs, the activity in cryptocurrency trading groups and search engine interest was very high, and retail investors were excited. But this time, it hasn't happened.
If this round truly sees the end of the altcoin season, then altcoins will have no profit effect, and no one will stock up on them anymore. The number of cryptocurrency users will at least decrease by 50%. The loss of users will inevitably lead to more adverse consequences. The roots of the retail investors have been dug up, and they will go play with other assets in the future. As for the cryptocurrency space, only institutions will hold BTC for mutual liquidation, slowly eroding liquidity, and the cryptocurrency scams will be completely ended.
The BTC whales have harmed the entire circle with their short-sightedness and drinking poison to quench thirst.
In previous years, every time BTC broke a new high, it marked the start of the altcoin season. However, in this round, last March and December, BTC reached new highs twice, and altcoins indeed surged for one to two weeks. Everyone thought the altcoin season had arrived, but the BTC whales played two tricks on everyone. Shortly after BTC hit a new high, it dropped back down, and after a collective surge, altcoins collectively plummeted, ending up at prices even lower than before the surge.
In fact, this is just the BTC whales having fun at the expense of the altcoin whales and retail investors twice.
So this time, although BTC has once again reached a new high, most altcoins are more cautious, not following the rise and still lying low, after all, they have been deceived and are now afraid. In previous years, when BTC broke new highs, the activity in cryptocurrency trading groups and search engine interest was very high, and retail investors were excited. But this time, it hasn't happened.
If this round truly sees the end of the altcoin season, then altcoins will have no profit effect, and no one will stock up on them anymore. The number of cryptocurrency users will at least decrease by 50%. The loss of users will inevitably lead to more adverse consequences. The roots of the retail investors have been dug up, and they will go play with other assets in the future. As for the cryptocurrency space, only institutions will hold BTC for mutual liquidation, slowly eroding liquidity, and the cryptocurrency scams will be completely ended.
The BTC whales have harmed the entire circle with their short-sightedness and drinking poison to quench thirst.
