ChainCatcher news, Kryptanium Capital co-founder Daniel Yan posted on social media that a 5% flash crash in a bull market is quite healthy, which is not surprising. What is truly surprising is that BTC.D (Bitcoin dominance) has fallen alongside BTC for the first time in a long time, indicating that the altcoin season is really approaching.

ChainCatcher news, March 11, Kryptanium Capital co-founder Daniel Yan stated on social media that he personally believes the altcoin season will arrive after Bitcoin clearly breaks its ATH.Daniel Yan mentioned that the logic behind the last bull market's altcoin season was driven by the BTC halving narrative combined with institutional capital inflows, which propelled the continuous rise in BTC prices before the halving. However, after the halving, traders took profits from the halving trades, and funds flowed into altcoins with more potential for gains. This is similar to the current situation, where the current cycle is driven by ETF capital inflows, also a bull market driven by institutional demand. For most altcoins, the ATH is still far away, which psychologically attracts investors. The ATH of Bitcoin confirms that we are indeed in the midst of a bull market frenzy, and people's greed will become insane.However, Daniel Yan also reminded investors to be wary of short-term bull market traps, stating that the weekly closing price of Bitcoin needs to be above $70,000 to confirm its "clear breakout" nature.