Alt Season - Two main reasons for the delay
Hello everyone,
How are you all? I hope everyone is fine and doing great in their life.
Today we will talk about the current market sentiments. At this moment we all are giving up on our holdings and we all are left with zero hopes for the market to give us that golden era of alt coins again. At the time of writing this blog retail investors have lost their hopes in the market.
We are witnessing the exit of retailers and that tells us why we might be actually close to the alt season but still there are few things we have to keep our eyes on so that we can understand why the alt coin has not triggered yet.
Money Printing
One of the key things that will trigger the bull run for alt season is money printing. Last time the money printed by US was 5 trillion dollars and that is when we saw the arrival of alt season because that is when the fresh money came in to the market.
Lack of Interest in to the Alts by Institutions
Institutions are not interested in Alts so far and they are putting all the fresh money via the ETF's in Bitcoin and that is why we have seen Bitcoin going from 15k to 100k+ USD and if in coming months Institutions get their eyes on Alts it will be enough for Alts to shoot up like never before.
So these two are the key factors in my opinion which are really important for alt season to be triggered.
What are your opinions? What is stopping alt season to get in action.
Thank You