Ethereum, the interest boom in Altcoin may indicate the exhaustion of bitcoin buyers

The feelings of investors towards cryptocurrencies increased this week, with the increasing retail interest in Altcoins, which indicates that the last euphoria in Bitcoin may approach its end, according to analysts.

The Crypto Asset Feelings Index increased from 0.23 to 0.91 within a week, according to Max Shannon, one of the major Assocate participants in Crypto Index Fund BitWise.

Google is looking for altcoins and ethereum It also increased to a multi -year height, and reminds us of the previous bear markets, which may indicate an increasing mind invested for countries and ether (Eth), After the latest level in Bitcoin ever above 124,000 dollars.

“Classic behavior filled with butter can precede the exhaustion of the buyer,” Shannon said on Thursday. mail.

Jupiter exhaustion occurs when purchase orders decrease by selling pressure, which may lead to bitcoin coin (BTC) Withdrawal as the capital revolves in other cryptocurrencies.

Bitcoin fell to less than $ 118,000 on Thursday, when investors digested comments from US Treasury Secretary Scott Pesin, who said The government had no plans to make additional purchases for the Bitcoin Strategic Reserve and the detained digital asset stock.

Bessent retreated in his statement hours later, explaining that his ministry is still exploring neutral budget methods to get BTC for the Bitcoin Strategic Reserve.

“The Treasury Ministry is committed to exploring neutral budget tracks to gain more bitcoin to expand the reserve, and implement the president’s promise to make the United States” the power of a great bitcoin in the world ” books In the X Publishing on Thursday.

The Crypto Fear & Greed index of “greed” has turned into “neutral” lands, as it decreased to 59 time at the time of writing, from 68 on Thursday, CoinMarketcap Data Show.

Despite the decrease in neutral lands, the feelings of investors remained “high but shy of euphoria, leaving an area for the continuation of the direction if Macro did not deteriorate,” according to Litella Zalavava, the transmission editor on the digital investment platform in Nexo assets.

She told Cointelegraph that the developments of policies, such as the deadline for the funds for funds traded in the funds (ETF) affiliated to the Securities and Stock Exchange Committee, indicates that “the broader narration of the arrangement is broader.”

Related to: Bitcoin is briefly flipping the Google market, while investors gather in the eyes over $ 124,000

The September September September Rally has been exhausted

Although correction of the broader encryption market may still happen while the investor’s activity feature is in August, many industrial monitors expect a gathering in Altcoin in September.

“We believe that the current market conditions are now indicating a possible transformation towards the ALTCOIN season on a large scale with our approach to September”, “Coinbase Research Head, David Duong, books In the monthly expectations report on Thursday.

Altcoin season It means that at least 75 % of the largest 50 altcoins depending on the market value exceed the Bitcoin price over the past ninety days.

Related to: Bitcoin boom raises “Fort Knox” nationalization interests

The Altcoin season index rose from 33 to 42 years during the past week, but it remained less than 75, which indicates the start of the Altcoin, CoinmarketCap season Data Show.

Bitcoin and Eter Pricenced “may be a great window for the first time in its upper leg in favor of Altcoins”, according to the founder of MN Trading Capital Michaël Van de Poppe.

“They were prepared to start running, just as ethereum did. What is the upward trend? mail.

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Journal: Altcoin Season 2025 is almost here … but the rules have changed