When the altcoins rise a little, some people shout that the altcoin season has arrived…

Not to mention that macro liquidity is still not in place.

Those who believe in a 25-year bull market and an altcoin season are using a logic akin to carving a boat. Today, Brother Bee will carve the boat for you.

During the altcoin season, BTC's market share should decline, while at least ETH's market share should rise.

Around March to June 2017 and September 2019 to September 2020, we saw the first wave of BTC's market share decline and ETH's market share rise, with a longer cycle and relatively slow changes in market share. This can be referred to as the - Altcoin Accumulation Season.

From January 2017 to January 2018 and January to May 2021, we saw the second wave of BTC's market share decline and ETH's market share rise, with a shorter cycle and relatively fast changes in market share, which can be called - Altcoin Sprint Season.

The difference between the Altcoin Accumulation Season and the Altcoin Sprint Season is that the former is suitable for buying, while the latter is suitable for selling.

In fact, when we talk about the altcoin season, we are referring to the second wave, the Altcoin Sprint Season.

As it stands, BTC's market share performance has not even started the first wave of the Altcoin Accumulation Season.

At most, ETH's market share has just begun to rise slightly, marking the start of the Altcoin Accumulation Season, and that is about it.

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