DeFi is doing much worse than Bitcoin today.
$BTC is only down 1%, but not one of the five most active DeFi tokens is in the green—the median is -5.1%.
→ $HYPE is leading the pack despite being down 2.9%, which is pretty absurd.
→ $AAVE is bringing up the rear, down 5.6%—the clearest drop of the bunch.
When everything in the sector is falling together, it’s not about any one token—the whole sector is bleeding. Anyone jumping in to buy the dip is getting buried.
I’m bearish. No need to rush to call a bottom here; watch more, trade less.
Are you already out of your DeFi positions, or are you still holding on?
#DeFi #Altcoins
$BTC is only down 1%, but not one of the five most active DeFi tokens is in the green—the median is -5.1%.
→ $HYPE is leading the pack despite being down 2.9%, which is pretty absurd.
→ $AAVE is bringing up the rear, down 5.6%—the clearest drop of the bunch.
When everything in the sector is falling together, it’s not about any one token—the whole sector is bleeding. Anyone jumping in to buy the dip is getting buried.
I’m bearish. No need to rush to call a bottom here; watch more, trade less.
Are you already out of your DeFi positions, or are you still holding on?
#DeFi #Altcoins