#opinion
🧸 Matrixport: The start of the alt season seems unlikely in the near future without a significant surge in liquidity.

«Altcoins Come and Go - Only Bitcoin Remains».

◽️Hype against the background of the launch of Ethereum ETF is over, the dominance of #ETH has decreased by almost 50% since July 2024.

◽️Fleeting trends like memcoins #WIF or #TRUMP - all according to the same scenario: native → sharp decline → oblivion.

◽️Bitcoin growth drivers: Fed rate reduction, increase in stablecoin issuance, micro-incentives from the government and demand for Bitcoin ETF (so far none of these factors is in the game, the market lacks liquidity).

◽️Bitcoin will probably stay in the range of $80,000-90,000 in the near future.

◽️However, the weakening of the dollar = an increase in the global money supply (#M2). Historically, this is a catalyst for BTC growth. Let’s add to this the absence of the risk of strict regulation - and we get the reason why Bitcoin stays afloat at the current market.

◽️The Altseason will not start without an inflow of liquidity. Bitcoin is out of competition.

@Сryptoz ₿

🐋 Onchain Lens: Keith, who previously lost $7,750,000, decided to take another risk...

Transferred $4,000,000 to Hyperliquid and went long on #POPCAT, #PEPE, #WIF, #BONK, #LDO, #ZK and #PURR.

Meanwhile, AguilaTrades closed all its positions - watch

@Сryptoz ₿