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#Can BTC Break $110K?
The arrival of alt season at least requires waiting for $Btc to effectively break through $110,000 and continue to rise with higher trade volumes to the range of $120,000-$150,000, after which funds will start to rotate into various alts. If this cannot be achieved, whether it's $eth or altcoins, it will still be impossible to achieve a bull run of magnificent scale.
On-chain, the short positions betting on the decline of $btc prices in this bull market cycle are clearly more cautious than during the 2021 bull market cycle, indicating that at this stage, the market is relatively averse to bearish risks, which is undoubtedly a bullish signal for $btc.