Bull market is coming

Mar 3, 2024116

AI Translation

This post is translated from Chinese into English through AI.View Original

AI-generated summary

The bull market is approaching, with similarities to previous years but also differences. Similarities include rotation between BTC, public chains, and various altcoins. Differences include BTC experiencing a violent surge due to increased participation, institutional involvement leading to hoarding and lower liquidity. In a bull market, circulation volume is key, with BTC unmatched in this aspect. High turnover rates on exchanges indicate potential for significant price increases. The bull market will involve repeated shakeouts to eliminate weak holders and high leverage speculators. Expect a rapid surge in prices as the market becomes lighter. Hope for freedom in the coming year.

Bull market has quietly arrived, this bull market is similar to previous years in some aspects and different in others.

Similarities:

Rotation: BTC, then public chains, then various altcoins

Differences:
In this bull market, BTC will experience a violent surge because too many people are entering the market. After the ETF is approved, everyone can openly buy, and now with institutions entering the market, the increased buying will lead to hoarding of coins, resulting in lower liquidity.

In a bear market, Total Locked Value (TLV) is considered, whoever has a high TLV is impressive.

In a bull market, it's all about circulation, nothing can compare to BTC in this aspect.

Also, everyone can check on CoinMarketCap to see which coins have a high turnover rate recently. If the turnover rate is high, then there is a high probability of a significant increase in the value of that coin.

Furthermore, the bull market will repeatedly wash out weak holders and high-leverage speculators.

As the market becomes lighter, there will be a violent surge.

Looking forward to being free next year!