
律动BlockBeats|Sep 22, 2025 08:54
[Analysis: Altcoin Rotation Nearing Its End, Bitcoin Remains Weak]
BlockBeats reported on September 22 that CryptoQuant analyst Mignolet stated, "The altcoin rotation is gradually nearing its end. Over the past two months, Bitcoin has been oscillating within a sideways range. This has driven a strong rebound in Ethereum, but after the rebound, Ethereum's share of trading volume began to decline, and trading activity started flowing to other altcoins.
At the same time, we are also beginning to see signs of Ethereum withdrawal transactions. Back in the double-top phase in June, I believed that a significant pullback was unlikely, one of the main reasons being that there were no notable changes in the relevant data. However, the duration of the altcoin rotation has now exceeded expectations, and this pattern has become evident.
Meanwhile, Bitcoin's own performance remains weak. Of course, an interest rate cut could still bring about a reversal, but there are currently no convincing signs of such a reversal. At this point, staying calm and cautious is a wise choice."
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