Matrixport: It’s too much to think that altcoin season is here! This is a Bitcoin bull run

This site (120bTC.coM): Digital asset management platform Matrixport said: "Some people believe that we should be on the cusp of a rebound in altcoins (altcoins). Although a few Meme coins and altcoins have seen a massive rally, but the broader upside may still be in its infancy based on Bitcoin’s market cap share, suggesting a very narrow bull market as Bitcoin gains more Market share. "

"Narrow Bull Market" refers to a special bull market pattern in which the overall market rise is mainly driven by the strong performance of a few stocks or specific industries, rather than a broad majority of stocks. rise. Such market conditions are called "narrow" because market gains are concentrated in specific parts of the market, rather than in the broad scope of the market.

In this case, the market's rise may mislead investors into thinking that the entire market is healthy and active, but in fact only a few stocks are the main force driving the market's rise. This can increase the risk of the market because if these few stocks suddenly fall, the entire market can quickly reverse course and fall as well.

Bitcoin’s market value has grown by nearly 7% in the past six months

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