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📅 July 3, 7:00 – July 9,
Many people ask me why this round of bull run altcoins do not follow Bitcoin rise???
Because the logic has changed, the funds coming from the ETF are only on mainstream coins like BTC, without the effect of capital overflow.
Moreover, many institutions that have entered this round are not like those in the past who wanted to stir up trouble in the coin circle, but are purely allocating some Bitcoin, Ethereum, etc. from an investment perspective.
Their investment preference is BTC, as it has value support and a strong consensus. Their strength is sufficient to support the market value of Bitcoin, seeking certainty amidst risks.
Even when ordinary investors choose other coins because the price of BTC is too high, they might end up buying it because of the high price of Bitcoin, to some extent, the price represents value.
If you are calm and patient enough to review, you will find that many previous hot sectors were driven by emotions and did not involve much real money. The liquidity in the market has always been insufficient, especially evident in altcoins.
Do you think these institutions will speculate on other coins after buying Bitcoin? In reality, they buy BTC and hold it without moving, engaging in cycles that last for years or even over a decade, hoarding BTC like gold.
The times are developing; now and in the past are two different concepts. Therefore, we must follow the trend and change if necessary. If there is no way, then exit gracefully.
#Kevin Lee入驻Gate广场#