After BTC updated its ATH above $123,000, a typical correction occurred to around $116,000. If the market feels bad - during such corrections for Bitcoin, altcoins fall even harder. Essentially, -6% for BTC in a weak market = -15-20% for most altcoins, including the top ones.
But many altcoins feel great and are reaching new levels, approaching their ATH. Some have grown while Bitcoin was falling, not reacting to its correction at all. Some have slightly gone down, but are already returning to the level of the day before yesterday.
I don't really believe in a normal altseason this summer, although even the SOL rally in 2021 started in July. I remember picking up some Solanas in August to participate in the NFT movement, which was just emerging in the network, around $30-40, and by October it was 6-9x.
In general, there is already a sip of hopium. Do we believe or is it still too early?
