Viewpoint: Most cryptocurrencies have not reached their ATH, which may indicate that Bitcoin still has significant room for growth

ChainCatcher news, citing data analysis from Sentimentrader by The Kobeissi Letter, indicates that the vast majority of cryptocurrencies are not currently in the historical high range (within 5% of the 252-day high).

In contrast, when Bitcoin set new records in February and November 2024, approximately 75% and about 40% of cryptocurrencies were within 5% of their 252-day highs, respectively.

Historically, when a large number of cryptocurrencies' trading prices approach historical highs, Bitcoin tends to pull back. The current divergence suggests that Bitcoin may have more room for upward movement.