Key moments for altcoin markets relative to BTC In this bull run, the starting point for the broad rise of altcoins was around October 20, 2023 (as shown in Chart 1). Later, in August 2024 (Chart 2), during the mid-to-late consolidation phase of BTC, altcoins generally took a dive. After that, during BTC's upward movement, altcoins showed almost no overall correlation until the period marked in Chart 3, when they finally started to move, driven by ETH's rise. After a rally, many people tend to add all kinds of concepts and interpretations to the market. Honestly, there's no need. It's just the altcoin whales (including ETH) seeing BTC rise so much while new funds hesitate to enter the market. So, they decide to pump these low-cap coins for one last wave—because if they don’t, they won’t have any retail investors left to cash out on. Right now, BTC's daily chart is entering a local pullback structure, and the entire market isn’t in a great position to rise. In the short term, it’s better to play it safe. Wait for BTC to hit its trend support level before considering any moves on altcoins. $BTC