Cyclop said in a post on his X that "this is the clearest bullish period I've seen in the last 7 years since I've been in the crypto market."
Cyclops: △ Bitcoin is near its all-time high △ Retail investor interest is at historic lows
He emphasized that four indicators coincided at the same time: △The ETH/BTC ratio broke through the three-year downward trend line △The altcoin index successfully rebounded from the bottom range.
He said, "Each of these four has acted as a catalyst for alt seasons in the past, but now they're all emerging at the same time. I never thought I'd be telling this story, but this time it's really
"It looks like the alt season has begun," he explained. The narrative around Bitcoin is also changing. Once seen as a speculative asset, Bitcoin is now being bought by institutional investors and stock investors.
It has been accepted as a trusted macro hedge and store of value by markets and countries facing inflation. Meanwhile, major layer-1 altcos like Ethereum and Solana
Bitcoin is no longer being recognized as a "Bitcoin alternative" but as a platform for blockchain technology. This is where the increase in global liquidity and stable coin provision come in.
The combination of four factors - expanding payouts, a bullish divergence in the altseason indicator, and a bottom in retail interest - is teasing a full-scale altcoin bull market.
On the 14th, Cas Abbé, a Web3 growth expert, revealed that he had “captured the daily golden cross formation of altcoin market capitalization.”
The same phenomenon was seen in October, which reminded us of the mini-alt season that followed, but this time too, the plateau could continue for a while before a full-scale upswing.
Meanwhile, analyst Ash Crypto told his X followers that while Ethereum rose 30% last week, Bitcoin only rose 3%.
and claimed that alt season was imminent.
2025/05/16 17:51 KST
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