Recently, the cryptocurrency market has shown new trends, attracting the attention of investors. Data shows that the market share of Bitcoin (BTC) has dropped to 58.23%, hitting a new low since January of this year, with a fall of 2.35%. This phenomenon has sparked speculation in the market about the arrival of the "alt season".



Historical experience indicates that a decline in BTC's market share typically signals a flow of funds to other cryptocurrencies (commonly referred to as "altcoins"). However, the market is still in a wait-and-see phase, Ethereum (ETH) has yet to fully gain momentum, and the overall trading volume of altcoins has not significantly increased. Therefore, the current situation can be seen as a "preheating period," and investors should remain cautious and avoid blindly over-investing.

At the same time, some alarming phenomena have emerged in the market. The WLFI altcoin plummeted over 45% in just 20 hours, with the current price at only $0.238, far below the previous optimistic expectation of $1.7. This once again proves the high volatility of new altcoin contracts, and investors should not blindly chase highs based on market news.

In addition, the X-chain meme coins represented by Xu Le have also experienced a comprehensive fall, with leading coins dropping by more than 50%. This indicates that the current frenzy has come to an end, and investors should temporarily avoid X-chain meme coins and wait for new market trends.

At the macroeconomic level, The Kobeissi Letter's analysis indicates that Federal Reserve Chairman Powell seems to have "yielded" to market pressure. It is expected that in a month, the Federal Reserve may consider lowering interest rates due to "weakness in the labor market." This potential monetary policy change could have a profound impact on the encryption market.

Overall, the current cryptocurrency market is at a delicate turning point. Investors need to remain vigilant, closely monitor market trends, and make cautious decisions to prepare for a possible new round of market cycles.
BTC-2.18%
ETH-4.32%
MEME-9.75%
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ForkPrincevip
· 08-27 21:29
I have seen a lot of strong winds and waves, so I won't chase the price.
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IfIWereOnChainvip
· 08-27 14:04
Get out of positions and reduce position, entering a position is just fate.
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SocialFiQueenvip
· 08-25 19:07
Again played for suckers.
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GhostAddressMinervip
· 08-25 19:07
Another group of suckers has been played for suckers by Large Investors. On-chain data had already issued a warning.
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WalletWhisperervip
· 08-25 19:03
wallet clusters showing classic pre-alt szn patterns... tick tock
Reply0
SchrödingersNodevip
· 08-25 18:54
Good job! Mark is observing.
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MetaverseLandlordvip
· 08-25 18:46
Suckers in the crypto world will never be slaves.
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