Bitcoin returns to the 70,000 mark. Can it usher in a violent bull market?
Bitcoin’s return to the 70,000 mark is the result of ETH’s 20% surge in a single day. Coupled with the fact that Bitcoin ETFs have seen significant inflows again this week, the market has become strong again.
Judging from the overall trend, the current volume is not enough to directly start a violent bull market and enter a new main upward wave. In the short term, I still believe that it will be dominated by shocks, and the box will be between 60,000 and 73,000. ETFs are gradually exchanging hands with traditional crypto holders. This process will take some time. The violent bull market may not come until after the third quarter. In the long run, the current box still belongs to the bull market relay.
When will the copycat season come and how should we plan and build positions?
When will the alt season come? This may be the most concerned topic for many small and medium-sized retail investors. According to previous bull markets, the alt season will come in the later stage of Bitcoin's main uptrend. If we judge that the current BTC does not have the momentum to directly start the main uptrend, then the alt season is obviously still not mature enough. So for building a position in altcoins, my suggestion is to gradually participate at a low level. After all, the overall price of Altcoin is not too high now, so it is completely fine to build some bottom positions.
Which copycats can be gradually phased out?
$ENS
It belongs to the domain name service track, with a market value of $670 million, and is the leader in the domain name service track. Vitalik Buterin personally shill, saying that "ens is the most successful non-financial application." This is the second time Vitalik shill for ens, with the first surge of 88% and the second 60%.
Current market value: $699,975,076
Increase in 7 days: 54.7%
Current Price: $22.35
$Ondo
BlackRock's entry, RWA is just the beginning, and other giants will follow soon. This is a huge cake. CB's own son, also cooperates with Sol, Wall Street institutions invest, and the market maker is Wall Street's jump market maker, which is very powerful.
Current market value: $1,357,085,763
Increase in 7 days: 11.9%
Current price: $0.9427
$LPT
This coin is also seriously undervalued. It is backed by Grayscale Fund, and is also a depin+AI sector, or a layer-2 solution. The current market value is 698 million in full circulation, and there is at least ten times the space in the bull market. Breaking through the previous high is not a problem. And there are so many investment institutions. The concentration of chips is also very high.
Current market value: $781,736,032
Increase in 7 days: 22.1%
Current Price: $24.24
$SSV
A strong currency in the Ethereum series sector, with many stories, co-invested by CB Exchange, DCG, and Ouyi, a Wall Street Jewish project, and its founder is the CEO of BloxStaking
The technical aspects are going very well, and from the perspective of price control, it is also operated by strong institutions, which is worthy of long-term attention and follow-up. The Ethereum ecosystem has attracted much attention, and the potential of SSV is like a rocket ready to take off.
Current market value: $316,200,362
Increase in 7 days: 22.8%
Current Price: $44.92
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