Everyone keeps singing about altcoin season but I have few questions about this altcoin season
1. Are whales the backbone of altcoin season?
I meant are whales responsible for altcoin seasons? Some said when bitcoin is done with uptrend in bullruns whales will sell their btc and opt into altcoins to pump them, is this true?
2. Or is Bitcoin going to spreads it's profits down to altcoins at a certain point? Pls don't laugh I'm just trying to know what can trigger altcoin season
Some are even saying things could be different this time around
I believe that the focus of this current bullish market trend is Bitcoin and only a few altcoins were gained organic growth, I believe that because investors are not the same as it was in 2017-2018 respectively since most of the involve investors now is from the financial institution thats why they have already known when and where to invest these time. preferably not on altcoins because we can see the data in CMC and CoinGecko.
To be honest, there is almost no organic growth without a bullish bitcoin. indeed for most projects that have a subsidiary like Binance it might be easy to get organic growth, but it's still quite difficult for other altcoins. altcoins season is definitely influenced by bitcoin, but not large percentage.