Meanwhile $BTC quietly bleeding while alts rip 📉
From a 77,323.6 high down to a 74,909.4 low, now sitting at 75,790.8, down 1.42% on the day. Nothing dramatic in percentage terms, but the pattern's been choppy and heavy, series of lower highs stacking up rather than a clean bounce.
MA(7), MA(25) and MA(99) all rolled over and pointing down, MA(99) especially steep, price has been stuck below all three for most of this window. That's a different picture from basically every alt we've covered today.
Volume huge as always, 211,998 BTC and 16.13B USDT, this is the depth that lets money rotate hard into smaller caps once BTC goes flat or red, which is honestly what today's been looking like across the board.
Worth remembering, when BTC chops sideways or slightly red like this, that's often exactly when alt season type days like today happen. Money's gotta go somewhere.
Not financial advice, just tracking the tape
From a 77,323.6 high down to a 74,909.4 low, now sitting at 75,790.8, down 1.42% on the day. Nothing dramatic in percentage terms, but the pattern's been choppy and heavy, series of lower highs stacking up rather than a clean bounce.
MA(7), MA(25) and MA(99) all rolled over and pointing down, MA(99) especially steep, price has been stuck below all three for most of this window. That's a different picture from basically every alt we've covered today.
Volume huge as always, 211,998 BTC and 16.13B USDT, this is the depth that lets money rotate hard into smaller caps once BTC goes flat or red, which is honestly what today's been looking like across the board.
Worth remembering, when BTC chops sideways or slightly red like this, that's often exactly when alt season type days like today happen. Money's gotta go somewhere.
Not financial advice, just tracking the tape
