Just saw a message: 70% of altcoins on Binance have fallen below the 200-day moving average, with about $200 billion wiped from their market cap
Deep Tide TechFlow reports that on November 8, CryptoQuant analyst Darkfost posted that, excluding Bitcoin and stablecoins, the total market cap of altcoins rose by $320 billion from mid-August to the end of September, but the subsequent pullback has erased about $200 billion—nearly two-thirds of this rally. Market breadth on Binance has also reversed in tandem: in mid-August, there were…
Market snapshot: $BTC is currently at 75,790 (24h -0.10%), with a 24h range of 75,571–76,250. The price is around the middle of the range, and direction has yet to emerge. Watch whether it can break above 76,250, and whether 75,571 holds as support. Until price breaks out of the range, selling high and buying low is preferable to chasing trades. For comparison, $ETH : 24h -0.31%.
Source: Deep Tide TechFlow
Personal opinions only. DYOR.
#BTC #MarketWatch
Deep Tide TechFlow reports that on November 8, CryptoQuant analyst Darkfost posted that, excluding Bitcoin and stablecoins, the total market cap of altcoins rose by $320 billion from mid-August to the end of September, but the subsequent pullback has erased about $200 billion—nearly two-thirds of this rally. Market breadth on Binance has also reversed in tandem: in mid-August, there were…
Market snapshot: $BTC is currently at 75,790 (24h -0.10%), with a 24h range of 75,571–76,250. The price is around the middle of the range, and direction has yet to emerge. Watch whether it can break above 76,250, and whether 75,571 holds as support. Until price breaks out of the range, selling high and buying low is preferable to chasing trades. For comparison, $ETH : 24h -0.31%.
Source: Deep Tide TechFlow
Personal opinions only. DYOR.
#BTC #MarketWatch
