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The market is in very bad shape for #altcoin s
Bitcoin is over $67,000, and the greed index is 73, which is very high, and its dominance is increasing without stopping.
This means people are taking money out of altcoins and buying Bitcoin because they think Bitcoin will continue to rise, which is why Bitcoin’s greed index is at 73.
At such a high greed index, the market wants a correction, and they can’t push it up much further.
If Bitcoin drops now, altcoins will be in a miserable state…
This information is for traders who work with altcoin fluctuations—keep that in mind.
As for investors, I think the market will offer good opportunities to buy crypto again. If Bitcoin drops a few thousand dollars, many altcoins will be at excellent prices to buy.
So if you're planning to buy, you might want to wait a little for better prices.
I hope this was helpful.
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