As experts indicated, the current situation in the market has not yet moved to the bear phase. In past cycles, a decrease in bitcoins on the accounts of investors led to a gradual increase in coin quotes.
“However, in the current cycle, Bitcoin has repeatedly encountered corrections after slight growth, and during such periods, altcoins experience sharp fluctuations, which indicates their general weakness,” said Cryptoquant.
At the same time, in the second half of the cycle, when new capital begins to enter the market, altcoins have traditionally demonstrated rapid growth, experts say.
In their opinion, with the approach of the final phase of the current cycle, the dominance of bitcoin will most likely fall, opening the path to increase the quotes of altcoins.
In addition, Cryptoquant drew attention to the fact that now there are almost no investors left on the market who are profitable from altcoins.
Earlier, a cryptocurrency analyst under the pseudonym Bluntz said that the altcoin season is beginning – that is, the growth rate of popular alternative cryptocurrencies will be ahead of bitcoin.
Source: Bits
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