The altcoin market has been suppressed for too long, and there is a feeling of being unable to hold back. When I was writing this idea, Ether suddenly surged, I wonder if it's the turning point of eth/btc.

Speaking of the topic at hand, let's talk about the market capitalization of BTC. I have studied the previous Bull Market, during which the market capitalization of BTC started to drop as altcoins pumped. In the previous Bull Market, BTC's market share started to decline from 61% (Figure 1) and reached 52% at the peak (Figure 2). Currently, BTC's market share is around 59.2%. If we assume a similar 8% drop in market share during this Bull Market, with BTC's market cap being 14 trillion RMB, the 8% drop would be around 1.1 trillion RMB, which is enough to cause a frenzy in the altcoin market. Personally, I think we are not far from the altcoin market, maybe around January or February, especially with the recent crazy rise of BTC. Altcoins, led by ETH, have had no profitable effect on the market, and many people can't hold on anymore. However, I personally will continue to hold my altcoins and not switch positions. Frequent position changes are the most taboo in a Bull Market, and moreover, selling low and buying high is never a good choice. Just hold on.