$BTC is down 4% this month, but it’s not the real danger.
Altcoins’ share of open interest had already surpassed Bitcoin’s by the end of September: 41.4% versus 37%.
Bitfinex warned about this crossover: after December 2024, altcoins fell 44% in 90 days.
Nearly $1 billion in liquidations hit the entire market from last night through today, with 79% in altcoins.
Leverage got wiped out. But without leverage, conviction won’t last more than a few days.
I’m not saying December will repeat, but if this setup calls for reducing exposure, do it.
DYOR #BTC走势分析
$BTC is close to bottoming out
Altcoins’ share of open interest had already surpassed Bitcoin’s by the end of September: 41.4% versus 37%.
Bitfinex warned about this crossover: after December 2024, altcoins fell 44% in 90 days.
Nearly $1 billion in liquidations hit the entire market from last night through today, with 79% in altcoins.
Leverage got wiped out. But without leverage, conviction won’t last more than a few days.
I’m not saying December will repeat, but if this setup calls for reducing exposure, do it.
DYOR #BTC走势分析
$BTC is close to bottoming out