Bitcoin continues to hit new highs and approaches $100,000. What should I do when I have a lot of counterfeit goods?

Bitcoin's bloodsucking market is in a self-reinforcing stage. Previously, it only sucked the blood of altcoins, but in the past two days, it has begun to suck the blood of MeMe coins on the chain.

I observed this morning that the market sentiment on Twitter has become very bad, and the voices of crypto nihilism and BTC Maxi fundamentalism are very loud.

Many respected traders and OGs even lamented that "the copycat season is over."

From the historical data presented in Dune’s Alts Buy Signal chart, there are 4 patterns between BTC and altcoins:

Mode 1: BTC rises and altcoins rise

In this mode, both BTC and altcoins are in an upward trend, and BTC.D (BTC market value share) may fluctuate or decline. This is the bull market boom period.

This is the time to go long. If the altcoin is stronger than BTC, you can increase your position. Otherwise, you need to be cautious.

Mode 2: BTC falls and altcoins fall

In this pattern, both BTC and altcoins are in a downtrend.

This is the time to de-risk and buy more stablecoins and blue-chip tokens. The only time it is worth considering shorting. For long-term trend traders, it is recommended to wait for the trend to reverse. For long-term holders, DCA or Buy the dip is recommended.

Mode 3: BTC falls while altcoins rise

This pattern rarely occurs. When BTC fluctuates and does not drop aggressively, it may be a short-term alt season. Consider increasing risk exposure.

Mode 4: BTC rises while altcoins fall

BTC outperformed the market in the upward trend, and BTC.D continued to hit new highs. This pattern usually occurs before the halving or at the beginning of a bull market.

At this stage, it is recommended to take the opportunity to accumulate altcoins and wait for an outbreak.

The above is the historical pattern summarized by @cryptokoryo.

It seems that we are now in a state of mode, but we have to admit that the duration and degree of the decoupling of BTC and altcoins this time far exceed historical cases.

In addition, after the approval of the BTC spot ETF, the market is worried that it will change the pattern of capital allocation to crypto assets, and MSTR became the hottest transaction in the US stock market yesterday, which seems to verify that this worry is becoming a reality, making the skepticism of the alt season more convincing.

But as an eternal crypto optimist, I can still see "disruptive innovation" in rapid iteration in the fields of chain abstraction, PayFi, Web3 AI Agent, Bitcoin ecology, etc., and I can feel the push of "exponential growth" in the fields of MeMe coin and consumer chain. At this time, talking about the "end of history" of altcoins is an irrational emotional catharsis in my eyes. If such a market makes you feel anxious and hesitant, you might as well take some time to observe the altcoin projects that are doing things:

• Chain abstract infra @ParticleNtwrk

• Chain Abstraction Fat App @infinex_app

• New paradigm infra from Cosmos: @initia

• Bitcoin Ecosystem Idealist: @NervosNetwork

• Bitcoin L2 backed by the world's largest Bitcoin mining company: @build_on_bob

• Cooperate with Ai16z to create Ai Agent asset issuance technology equality platform: @vvaifudotfun

• Solana L2: @SonicSVM successfully gained 1M followers on Tiktok

Peace of mind leads to success. A peaceful mind is the best medicine for us to stay calm in the stormy sea of ​​trading.

above.