ALTCOIN SEASON NEXT?π€ MY THOUGHS π
I personaly think this is a bear trap for altcoins. Many altcoins made new multi monthly new lows, except few exceptions. The ones that didn't make new lows will be faster horses.
Currently if you check BITCOIN / ALTCOIN Season Index you can see $BTC has prevailed. Which should mean soon capital will start shifting to altcoins.
Global Liquidity index is also giving us a hint that 2nd part of 2024 and 2025 will see massive liquidity boost and this is a time where alternative asset class will bloom --> quality altcoins should see exponential growths.
I'm attaching 2 charts that show what I'm talking about.
In short: smart people are buying now and accumulating. Crypto tourist are leaving or lost interest. Tourists will return in few months to buy new highs.
Todays prices are what everybody dreamed off and now is afraid to buy. Remember biggest profits are made by buying fear not hype and green candles π
