Grayscale's altcoin holdings from this bull market cycle have mostly been pumped. The next cycle can focus on Grayscale's positions. Looking at it, the main holdings are mostly old-brand altcoins like XRP, BCH, ZEC, LTC, ETC, XLM, etc., which have several very typical common characteristics:

First, the 2021 high has not broken the 2017 high, suppressed by large-scale resistance for a long time;

Second, after 2018, there has been over 2500 days of sideways consolidation and washout, with chips fully exchanged;

Third, long-term fluctuations and convergence, forming a large-scale triangle consolidation pattern;

Grayscale's altcoin holdings in this bull market have basically been pumped. ZEC surged sharply in the bull market's endgame, BCH has been very stable, BTC, ETH, SOL and other mainstream coins needn't be mentioned, LPT rallied 5x in the first half of the year, XLM rallied 7x last November, LINK and BAT respectively rallied 7x and 5x.

Currently only MANA, ETC and FIL haven't moved. MANA is a metaverse concept that was hyped in the previous cycle, ETC is an old-brand PoW, FIL has heavy locked-up chips. Overall, the probability of Grayscale's holdings getting pumped exceeds 80%.

Grayscale updates its holdings and watchlist every quarter. The latest watchlist includes: HYPE, UNI, TAO, ENA, IP, HNT, VIRTUAL, JTO, AERO, GRASS, SYRUP, GEOD.$ETH ‌#Gate广场AI测评官