BlockBeats News, June 10, James Wynn published his market view on the X platform, stating, "I see many people overleveraged on altcoins. At the same time, their hedging against Bitcoin is far from sufficient."
Bitcoin Dominance (BTC.D) may hit a new all-time high. This could significantly prolong the time before we truly enter the altcoin season.
When BTC.D declines and prepares to stabilize, the altcoin season will arrive. In my opinion, Bitcoin must reach at least $120,000 to $140,000 for this to happen."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.