I’d just sat down at a barbecue stall when a phone notification nearly made me drop my skewer. According to Binance real-time data, RSR surged 49% in a day, with a current price of 0.002 and trading volume of 17 million USDT. It’s the rowdiest coin in the altcoin pack. This thing was once hyped as the heavyweight champion of the compliant stablecoin sector, then it lay dormant for over half a year. Today it suddenly sprang back to life, and the guys in the group chat are already shouting, “RSR is going back to its all-time high!” I’m thinking, maybe unlock the bag you got stuck holding last time before you say that.
CREAM is even more ridiculous: just 270,000 in trading volume, yet it was pumped 65%—a classic case of a shallow pool that’s easy to shove around. Meanwhile, VIB and BETA fell 63% and 64%, respectively, basically carrying the other two on their backs. Altcoin season hasn’t arrived, but the harvest season is right on schedule.
Back to Bitcoin: Bitcoin ETF flows are the real deal. As long as there are net inflows for three straight days in the US, someone will support BTC, and only then will altcoins dare to run wild. The day flows turn negative, whether it’s RSR or CREAM, they’ll all be sent right back to where they started. The logic is simple: ETFs are the faucet, altcoins are the splashes. Turn off the faucet, and the splashes dry up first.
Gold is at 2,360 tonight, oil at 82, and the Nasdaq is up a modest 0.3%. Money isn’t rushing into risk assets, so this altcoin rally looks more like insiders taking turns cutting each other up. Don’t get carried away—chasing the highs can leave you buried.
#AltcoinSeasonIsHere #StopLossTips
That’s all
CREAM is even more ridiculous: just 270,000 in trading volume, yet it was pumped 65%—a classic case of a shallow pool that’s easy to shove around. Meanwhile, VIB and BETA fell 63% and 64%, respectively, basically carrying the other two on their backs. Altcoin season hasn’t arrived, but the harvest season is right on schedule.
Back to Bitcoin: Bitcoin ETF flows are the real deal. As long as there are net inflows for three straight days in the US, someone will support BTC, and only then will altcoins dare to run wild. The day flows turn negative, whether it’s RSR or CREAM, they’ll all be sent right back to where they started. The logic is simple: ETFs are the faucet, altcoins are the splashes. Turn off the faucet, and the splashes dry up first.
Gold is at 2,360 tonight, oil at 82, and the Nasdaq is up a modest 0.3%. Money isn’t rushing into risk assets, so this altcoin rally looks more like insiders taking turns cutting each other up. Don’t get carried away—chasing the highs can leave you buried.
#AltcoinSeasonIsHere #StopLossTips
That’s all