WTC today directly got halved, then halved again, dropping 56 points. The current price is one cent. In the past 24 hours, the trading volume is $WTC $$WTC, and according to Binance real-time data, there are more than 480,000 USDT still there. This volatility has even made my skewers in hand go cold. PHB is down 54%, ACA is down 51%, VIC is down 43%. The altcoin market is dropping like dumplings into the water. PNT is also joining the chaos. Some brothers ask how to look at the Bitcoin ETF fund flow—simple answer: when ETF net inflows are higher, the overall market is stable and altcoins get a chance to catch their breath; when ETF net outflows happen, funds get pulled out, and altcoins fall straight down. In this market right now, it’s like the ETF side hasn’t moved, but the altcoins are trampling on themselves. With WTC like this—its trading volume still holding—means people are still fighting it out, but don’t rush to bottom-fish. The knife hasn’t landed yet. Gold is $2360, crude oil is $82. The Nasdaq is up slightly by 0.3%. Outside it’s calm and peaceful, but in the crypto world it’s churning and stormy. The altcoin season hasn’t come, but the altcoin slaughter ritual has.
#AltcoinSeasonIsHere #StopLossTips
The above is only my personal opinion and does not constitute investment advice