Friday seemed like altseason.
But hold on a second. đ
$ARB surged hard.
$STRK surged hard.
$UNI surged hard.
DeFi and Layer 2 basically took over the market.
The feeling looking at the feed was:
âaltcoins finally woke upâ.
But when I open the data, the story is a bit different.
Bitcoin dominance is still near 59%, and the altseason indexes are still well below the region that normally confirms a broad rotation.
That matters to me.
Because thereâs a huge difference between:
some altcoins explodingâŚ
and the whole market starting to pull money out of Bitcoin to chase risk.
For now, Iâd call it much more of a SELECTIVE ROTATION than an altseason.
And that difference can prevent a lot of FOMO.
$ARB #altcoins #defi
Do you think weâre seeing the beginning of altseason, or just money jumping from one narrative to the next?
But hold on a second. đ
$ARB surged hard.
$STRK surged hard.
$UNI surged hard.
DeFi and Layer 2 basically took over the market.
The feeling looking at the feed was:
âaltcoins finally woke upâ.
But when I open the data, the story is a bit different.
Bitcoin dominance is still near 59%, and the altseason indexes are still well below the region that normally confirms a broad rotation.
That matters to me.
Because thereâs a huge difference between:
some altcoins explodingâŚ
and the whole market starting to pull money out of Bitcoin to chase risk.
For now, Iâd call it much more of a SELECTIVE ROTATION than an altseason.
And that difference can prevent a lot of FOMO.
$ARB #altcoins #defi
Do you think weâre seeing the beginning of altseason, or just money jumping from one narrative to the next?