- A crypto analyst predicts a strong Altseason fueled by unprecedented liquidity inflows into Bitcoin and altcoins.
- Altcoins show 50%-200% gains as liquidity flows from Bitcoin to Ethereum, Solana, and smaller-cap assets.
The crypto market is vibrating with expectation, and recent developments indicate that a revolutionary period is starting. Renowned crypto analyst Patric tweeted that Tether minting USDT in $2 billion increments marks an unparalleled current influx of money into the crypto market.
With most of the funds originally going into Bitcoin (BTC), Patric underlines that such strong liquidity injections are changing market dynamics and significantly increasing Bitcoin dominance (BTC.D).
#Altseason is going to be BIBLICAL!
The money inflow into the crypto industry is stronger than anticipated. Tether is minting USDT in $2 billion steps now – something the industry has never seen before!
For now, the money is mostly flowing from TradFi into $BTC. As such, BTC…
— Patric H. | CryptelligenceX (@CryptelligenceX) November 13, 2024
Altseason Signals: From Bitcoin Dominance to Altcoin Surge
With the possible reach to the next Fibonacci level of 66% should the inflow keep at this pace, Patric’s analysis notes that BTC.D has exceeded earlier estimates of a turning point at 60%-62%.
This growing supremacy emphasizes how important Bitcoin is as the main point of access for institutional and retail money moving from traditional finance (TradFi) into the crypto landscape.
The narrative does not stop with Bitcoin, though. Altcoins are headed for a “biblical” Altseason, Patric notes. The Top 100 cryptocurrencies have increased between 50% and 200% in USD terms in just one past week, indicating a strong market demand for digital assets other than Bitcoin.
Bitcoin leads, then Ethereum and Solana, and finally into large-cap and mid-to-low-cap altcoins according to the liquidity pattern Patric outlines. This trend points to tremendous expansion in the next few weeks for cryptocurrencies, especially those yet to pump.
Supporting this view, our prior report noted that the altcoin surge may be sparked by Bitcoin exceeding the $80,000 mark. Now reached, this milestone is driving large increases in various altcoins; some have registered over 20% increase in a relatively short period.
These moves seem to be driven by market psychology and cyclical factors, which fit Patric’s observation that navigating this tumultuous but rewarding phase requires patience and strategic holding (HODLing).
Patric counsels against panic-selling or giving up underperforming cryptocurrencies in favor of already explosive coins. Rather, he argues for keeping positions and deliberately taking profits throughout parabolic moves.