#Altseason $PENDLE * Altseason postponed? What has stalled the altcoins?
Many investors expected to repeat the pattern of 2017 or 2021: Bitcoin rises → money migrates to altcoins → widespread euphoria.
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1. In this crypto cycle, a large part of the liquidity was directed straight to Bitcoin, especially after the approval of ETFs, which reduced the flow of capital to altcoins.
2. At the same time, high-interest rates and lower global liquidity limited the speculative appetite that normally fuels an altseason.
3. Furthermore, the market is more selective and fragmented, with thousands of new tokens vying for attention and capital.
* This scenario has kept Bitcoin's dominance high and prevented the widespread euphoria that marked previous cycles. 📉
PENDLE
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