#山寨季何时到来？# alt season has a reference indicator, which is whether the ETH/BTC ratio is rising. In the last three months, the ETH/BTC ratio has increased. When this ratio breaks 0.03, it may usher in a more evident altcoin market, led by ETH.

On the other hand, the reference point is that the second cake broke through the all-time high of 4868, which can completely ignite the mood of the currency circle. In fact, you can also find that this round of bull market is completely dominated by the pie, even if the pie breaks through new highs again and again, the retail investors in the market basically have no voice, and everyone is discussing how to return to the original and how to turn over. The main reason is that because retail investors do not hold Bitcoin, they only hold a large number of altcoins, so they still haven't made any money when the pie reaches a new high, and the market sentiment naturally can't get up.
In addition, there is an important indicator to measure whether there is an alt season and how strong the trend of the alt season is. This indicator is Bitcoin's market share, which is the percentage of Bitcoin's value in the entire cryptocurrency market. Generally speaking, the higher the BTC market share, the more the market is quiet and in a bear market; the lower it is, the more enthusiastic and in a bull market it is. Normally, 50% is the dividing line. When the market share falls below 45%, it indicates that the market is quite enthusiastic. When the market share falls below 40%, it means that market bubbles are extremely high, and altcoins are experiencing dozens of times in price increase. At this point, it is an important time to sell, as the market may reverse and collapse at any moment. Conversely, when Bitcoin's market share exceeds 60%, it indicates that altcoins are not making any progress, and the market is consolidating around Bitcoin. In this case, it may be advantageous to hold some core altcoins to bet on the market recovery.