As the Bitcoin halving approaches, it’s an interesting time for crypto investors.

Historically, as Max from “Because Bitcoin” has analyzed, we’ve seen a pattern where altcoins tend to outperform Bitcoin leading up to the halving event.

• The “others/BTC” ratio that Max tracks, which measures the performance of altcoins compared to Bitcoin, often grinds higher in the months before a halving. This suggests it can make sense to have some exposure to altcoins during this period, according to Max’s research.

• However, the pattern has also shown that right after the halving, this ratio tends to pull back a bit, meaning Bitcoin outperforms altcoins for a stretch. But then, around 230 days after the halving, we typically see a major “altcoin season” emerge, where smaller altcoins vastly outperform Bitcoin, as Max has pointed out.

• Based on the analysis he strategy could be: Hold some altcoins leading up to the halving, then consider rotating more heavily into altcoins around 230 days after the event, when they tend to really take off, based on Max’s analysis. Of course, past performance doesn’t guarantee future results, but understanding these historical patterns can help inform your halving trading approach.

The key is being nimble and willing to shift your allocations as the market conditions change around the halving cycle. With the right strategy, you may be able to capture gains in both Bitcoin and altcoins throughout the full halving cycle, as Max has suggested.