Odaily News Kryptanium Capital co-founder Daniel Yan posted on social media that he personally believes that the altcoin season will arrive after Bitcoin clearly breaks through ATH. Daniel Yan said that the logic of the last bull market copycat season is that the BTC halving narrative coupled with institutional capital inflows drove the continued rise in BTC prices before the halving. But after the halving, traders took profits on the halving trade, with funds flowing into altcoins with more potential gains. This is similar to the current cycle, which is driven by ETF inflows and the same bull market driven by institutional demand. For most altcoins, ATH is still far away, which can be psychologically attractive to investors. And Bitcoin’s ATH confirms that we are indeed in the midst of a bull market and people’s greed is going crazy. However, Daniel Yan also reminded investors to be wary of short-term bull market traps. Bitcoins weekly closing price needs to be higher than $70,000 to confirm a breakthrough.