The only thing that bothers me, that is making me uncomfortable and not going all in, is the different context that global markets are in, and that no one is talking about.
In 2021, the crazy rush for altcoins occurred after the COVID crash.
When everything got cheap, people bought and injected money.
There were 2 years of increases.
2022 correction.
2023/2024 increase.
Now, the SP500 is at its historical high.
And surprisingly, the same size of the previous leg of 2021/2022 was now, from 2023 to the end of 2024.
In theory, in order to have that crazy rush and injection of money, in the crypto market and in general, there would have to be a good correction, if it were to perfectly follow what happened back in 2021, before the boom.
Caution.
This increase could be to take liquidity from the market, and then melt away.
In 2021, the crazy rush for altcoins occurred after the COVID crash.
When everything got cheap, people bought and injected money.
There were 2 years of increases.
2022 correction.
2023/2024 increase.
Now, the SP500 is at its historical high.
And surprisingly, the same size of the previous leg of 2021/2022 was now, from 2023 to the end of 2024.
In theory, in order to have that crazy rush and injection of money, in the crypto market and in general, there would have to be a good correction, if it were to perfectly follow what happened back in 2021, before the boom.
Caution.
This increase could be to take liquidity from the market, and then melt away.
