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

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Doohyun Hwang
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  • Experts at Swyftx predicted that Bitcoin will repeat significant volatility before breaking through the 100,000 dollar mark.
  • The volatility of the Altcoin market is still considered insufficient.
  • New capital inflow is necessary, and the Altcoin market should focus on developing new strategies.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

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.

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