[Analysis] "Altcoin Season, Bitcoin 100,000 Dollar Breakthrough Should Be Preceded"

The trend of the Altcoin season is said to be dependent on Bitcoin (BTC) reaching the 100,000 dollar mark. An analysis from Swyftx's Pav Hulal on the 28th (local time) indicated that "before a clear signal of Bitcoin reaching 100,000 dollars emerges, Altcoin will continue to experience significant volatility." However, even if the Altcoin season arrives, it is believed that it will lack the purchasing power of the past. A representative of the crypto community stated on the 27th through X that "this Bitcoin rally is driven by institutional investors," adding that "they do not intend to shift assets from Bitcoin to Altcoin. Ultimately, new capital must flow in for the Altcoin season to rise." He further emphasized that "although recent new inflows are weakening," Altcoin should focus on developing new strategies rather than relying on Bitcoin's momentum.