The Cheese King is here 🧀 Today’s Cheese Index: 6/10. The market is warm, but all the money is crowded into $BTC , leaving altcoins freezing cold ❄️.
JPMorgan’s latest report sounds the alarm: without real on-chain activity to support them, altcoins will continue to underperform $BTC 📉.
“Institutional investors are accumulating the majors, while retail traders are catching falling knives in altcoins.”
Many people think an alt season will arrive after a full year of plunging prices, but the data tells a harsh story: order book depth is recovering only for $BTC and ETH, while altcoin liquidity continues to bleed.
📚 Cheese Classroom: BTC dominance at 59.62% means nearly 60% of all market funds are in BTC. With no fresh capital flowing into altcoins, they can only drain liquidity from one another.
Review of the Cheese King’s prediction: If BTC holds above $82.5k, the Altcoin Season Index is expected to break above 25/50 before 10/15. This remains to be confirmed.
🔮 Cheese King’s prediction: If the Altcoin Season Index fails to break above 25/50 this week, major-coin dominance will surge past 61%. Verification date: 10/17.
💡 What retail traders can do today: Prioritize holding major-coin spot assets, and don’t rush to buy the dip on illiquid small-cap coins.
(The above is solely my personal observation and is not investment advice.)
If it were you, would you dare to bet on altcoins in a market this extremely imbalanced? The Cheese King posts updates every day—let’s figure out the whales’ next move together 🧀
#cryptonews #altcoin #trading #ethereum
JPMorgan’s latest report sounds the alarm: without real on-chain activity to support them, altcoins will continue to underperform $BTC 📉.
“Institutional investors are accumulating the majors, while retail traders are catching falling knives in altcoins.”
Many people think an alt season will arrive after a full year of plunging prices, but the data tells a harsh story: order book depth is recovering only for $BTC and ETH, while altcoin liquidity continues to bleed.
📚 Cheese Classroom: BTC dominance at 59.62% means nearly 60% of all market funds are in BTC. With no fresh capital flowing into altcoins, they can only drain liquidity from one another.
Review of the Cheese King’s prediction: If BTC holds above $82.5k, the Altcoin Season Index is expected to break above 25/50 before 10/15. This remains to be confirmed.
🔮 Cheese King’s prediction: If the Altcoin Season Index fails to break above 25/50 this week, major-coin dominance will surge past 61%. Verification date: 10/17.
💡 What retail traders can do today: Prioritize holding major-coin spot assets, and don’t rush to buy the dip on illiquid small-cap coins.
(The above is solely my personal observation and is not investment advice.)
If it were you, would you dare to bet on altcoins in a market this extremely imbalanced? The Cheese King posts updates every day—let’s figure out the whales’ next move together 🧀
#cryptonews #altcoin #trading #ethereum