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Recently, the Crypto Assets market has shown new trends. Bitcoin entered a Sideways consolidation phase after reaching a high of 123,000 USD. This situation has provided space for other crypto assets, commonly known as "alts", to perform.
Market data shows that Bitcoin's market capitalization has declined for seven consecutive days, reaching a new record low since the end of last year. This phenomenon is vividly referred to in the crypto assets circle as "the king retreats, the little brothers rise," meaning that when Bitcoin temporarily stops rising, other crypto assets often experience a surge in price.
The shift in this market pattern has sparked speculation among investors about the arrival of the "alts season." The so-called "alts season" refers to a period when other crypto assets collectively rise, excluding Bitcoin. However, investors must remain cautious, as the cryptocurrency market has always been highly volatile, with risks and opportunities coexisting.
Nevertheless, the current market dynamics do provide a noteworthy opportunity for investors to focus on alts. However, it is important to remain vigilant, conduct thorough research, and keep a close eye on market changes to avoid missing potential investment opportunities or incurring unnecessary losses.