Bitcoin is flat, while altcoins are celebrating on their own.
Bitcoin is lying motionless below 80k, with trading volume shrinking to a fraction of the previous few days. Dogecoin keeps going solo and has just hit another new high. $ARB is the real leader today: up 2.4x in 8 days, nearly 50% in 24 hours, with single-day trading volume of 570 million U, and the followers are filling half the gainers list. Even old relics like Sushi, which no one has cared about for two years, got pulled up by 20%, so the mood is truly in place.
In one sentence: big money isn’t touching Bitcoin; it’s all rotating through altcoins. Whoever has the biggest volume in the sector takes the baton.
There’s only one thing to watch out for: it has retraced 6 points from today’s high, so chasing it means helping others take profits. For this kind of name, only buy pullbacks, not breakouts.
Missing the move isn’t embarrassing; sitting on the sidelines is. I’ve already placed my order, just waiting for a pullback. #AltSeason
Bitcoin is lying motionless below 80k, with trading volume shrinking to a fraction of the previous few days. Dogecoin keeps going solo and has just hit another new high. $ARB is the real leader today: up 2.4x in 8 days, nearly 50% in 24 hours, with single-day trading volume of 570 million U, and the followers are filling half the gainers list. Even old relics like Sushi, which no one has cared about for two years, got pulled up by 20%, so the mood is truly in place.
In one sentence: big money isn’t touching Bitcoin; it’s all rotating through altcoins. Whoever has the biggest volume in the sector takes the baton.
There’s only one thing to watch out for: it has retraced 6 points from today’s high, so chasing it means helping others take profits. For this kind of name, only buy pullbacks, not breakouts.
Missing the move isn’t embarrassing; sitting on the sidelines is. I’ve already placed my order, just waiting for a pullback. #AltSeason