The article discusses the recent launch of an altcoin called cbBTC by cryptocurrency exchange Coinbase. The altcoin is an Ethereum-based token that is backed by Bitcoin and aims to allow BTC holders to use their coins on DeFi platforms. The analyst believes that this move could lead to more liquidity flowing into altcoins and potentially support the idea of an upcoming altcoin season. The article also mentions some upcoming events to watch for that could have interesting results, and the analyst believes that the timing for these events is perfect. The analyst also suggests that the ALTS/BTC chart is bottoming and Bitcoin could be forming a new bull trend.



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