Everyone is waiting for the Alt Season to arrive because Bitcoin is stuck around $100,000. It went down to $98,000 but then came back to around $95,000. Alt coins decreased even more.
Will there be recovery in the market this time or not?
We are talking about 2016-2017, we are talking about 2020-2021, at that time there were very few Alt coins, there were also very few people taking them. There were very few crypto coins, today there are a lot more. Liquidity in the market is only in those coins which have no use case, there is no liquidity in use case and big coins. Everyone is worried, the market will not do anything.
What is going on inside the market?
We used to talk about the Bitcoin ETF, after its arrival Bitcoin made a journey from $25,000 to $100,000. If it falls more than the bottom where Alt coins are, then it can fall from 10% to 20%, it will not fall more than this.The bigger coins are also at their bottom.
Institutions are buying. Bitcoin ETF holders are buying. Michael Saylor bought 7633 BTC. Companies are also raising funds so that they too can buy Bitcoin. Buying is going on inside OTC. When Bitcoin stops being available inside OTC, it will come to the exchanges. We just have to wait till 2025, the bull season is about to come.
FTX Funds Released
FTX will start releasing funds on 18 February 2025. Around $6.5 Billion has been released, Total around $16 Billion has been given. These stable coins make money.
New ETF Apply
There is a positive inflow of Bitcoin ETF. Grayscale has applied for Cardano (ADA). Franklin Templeton has applied for Solana (Sol). BlackRock is also applying. All these big investment power houses are applying for an ETF. Bloomberg says that the first Litecoin (LTC) ETF will come. Whichever comes, Alt coins will benefit from it. We have to be patient here. Currently all Alt coins are moving at the bottom.
What Happened to BlackRock Ethereum ETF?
SEC postponed BlackRock’s Ethereum ETF in April. Institutions are also buying Ethereum. Ethereum will definitely reach its all-time high.
Elon Musk Changed his name to Harry
Elon Musk changed his name to Harry. Coins like Harry were pumped out. This distracts the market. Donald Trump came and launched the Trump coin, which distracted the market. This is a distraction, but ultimately the use case and the bigger coins will do better. We have to hold the better coins.
Disclaimer
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