Summary
- Hyperliquid whale James Win claimed that altcoin bull markets won't happen unless Bitcoin sets a new all-time high.
- James Win stated that BlackRock's move to sell Bitcoin and buy Ethereum is psychological warfare intended to deceive investors.
- Currently, Bitcoin is trading at $105,681 on Binance, with an all-time high of $111,980 highlighted.
James Win, known as a whale on the decentralized perpetual futures exchange (DEX) Hyperliquid (HYPE), argued that a bull market for altcoins will not occur without Bitcoin (BTC) reaching a new all-time high.
On the 4th (local time), James Win stated on X (formerly Twitter), "BlackRock selling Bitcoin and buying Ethereum (ETH) is psychological warfare aimed at deceiving people," adding, "If Bitcoin does not surpass its previous all-time high, there will be no altcoin season." He went on to say, "We need to accept reality."
Currently, Bitcoin's all-time high on Binance stands at $111,980. As of 7:57 p.m., Bitcoin is trading at $105,681 in the Binance USDT market, up 0.38% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
![Trump ally Myron, a Fed governor, resigns White House post…pushing for rate cuts until Warsh arrives? [Fed Watch]](https://media.bloomingbit.io/PROD/news/75fa6df8-a2d5-495e-aa9d-0a367358164c.webp?w=250)
