Analysis: The altcoin season has just begun and will last for about 90 days until March next year.

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Odaily Planet Daily News Risk investor Felix Hartmann warned that as institutional investors increase profit-taking activities, the AltCoin market may experience turbulence in the short term. He explained, ‘Once the momentum appears, we must drop the leverage and see some significant pullback.’ He pointed out that the funding rate for most AltCoins is now ‘higher than’ 100% annualized, and the recent trend is purely driven by Perpetual Futures traders with a drop in Spot volume. ‘The drop will be brutal,’ Hartmann said. However, not all traders agree with this view, and believe that this is just the beginning of the altcoin season. Anonymous Cryptocurrency trader MilkyBull Crypto recently stated: “It seems logical from this month to March next year, the altcoin season has just begun, and will last for about 90 days.”

Traders often use BTC dominance as a key indicator of the start of the Altcoin season. According to TradingView’s data, as of the time of writing, BTC dominance is 55.11%, down 7.88% in the past 30 days. (Cointelegraph)

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LongAndShortSuckersvip
· 2024-12-08 03:01
Venture capitalist Felix Hartmann warns that the altcoin market may experience volatility in the short term as institutional investors take profit. However, not all traders agree with this view and believe it is just the beginning of the altcoin season. Traders often use BTC dominance as a key indicator for the start of the altcoin season. BTC dominance has dropped by 7.88% in the past 30 days.
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