Funding Rate Hunter — Morning Brief | BTC sucks up 60%; how much longer can altcoins hold on?
$BTC slid to 81,300, after touching 83,200 yesterday afternoon. ETH at 2,377, BNB at 725, and SOL at 104 are all weakening too.
BTC dominance surged to 60.7%, a 14-month high. Last week, the median altcoin fell 9.3%—four times BTC’s decline. Honestly, I don’t buy the talk of an altcoin season right now. The only things worth playing are the wild coins: $BR is up 41%, while SIREN is at the bottom, down 31%. About $330 million in liquidations over 24 hours, and funding rates are flat.
$ZRO unlocks today at 13:33. I bought yesterday, so I’ll dump first and check back tonight. 80,000 is the line in the sand.
Funding rates don’t lie. If this was useful, give it a like and follow~ (Not investment advice.)
$BTC slid to 81,300, after touching 83,200 yesterday afternoon. ETH at 2,377, BNB at 725, and SOL at 104 are all weakening too.
BTC dominance surged to 60.7%, a 14-month high. Last week, the median altcoin fell 9.3%—four times BTC’s decline. Honestly, I don’t buy the talk of an altcoin season right now. The only things worth playing are the wild coins: $BR is up 41%, while SIREN is at the bottom, down 31%. About $330 million in liquidations over 24 hours, and funding rates are flat.
$ZRO unlocks today at 13:33. I bought yesterday, so I’ll dump first and check back tonight. 80,000 is the line in the sand.
Funding rates don’t lie. If this was useful, give it a like and follow~ (Not investment advice.)