Bitcoin bottoms in October at 53K–57K? Swan CEO’s prediction has some substance, but the line “altcoins are basically dead” hits a little too hard.
Traditional capital flowing in is indeed draining liquidity; the altcoin season may really be over. But saying they’re “dead” is too absolute—if the pump-and-dump crowd changes the script, the trash can fly again.
Whether October will see a bottom depends on the Fed. For now, everyone buying the dip is a warrior—just hold your spot, don’t panic. #Crypto $BTC
Traditional capital flowing in is indeed draining liquidity; the altcoin season may really be over. But saying they’re “dead” is too absolute—if the pump-and-dump crowd changes the script, the trash can fly again.
Whether October will see a bottom depends on the Fed. For now, everyone buying the dip is a warrior—just hold your spot, don’t panic. #Crypto $BTC