đAnalytics: Are altcoins at the bottom?
OTHERS/ETH (altcoin market cap excluding the top 10 relative to ETH) has reached the most oversold level in history.
đThe last time this happened was in 2021. That moment marked the bottom for the altcoin market. The result: altcoin market cap grew by more than +1250%!
đCurrently, the situation is very similar: the metric has again hit a new low, and the RSI index indicates extreme oversold conditions.
đ„Conclusion: historically, such levels have been turning points. If the scenario repeats, we may expect a new strong growth.
đȘBitcoin Plan Metaplanet
The Japanese company Metaplanet announced plans to raise $1.2 billion through an international stock offering. And here is the most interesting part: out of this amount, $835 million will be allocated to buying BTC.
đThis is a strong signal; institutional investors continue to actively enter BTC. Such steps reduce the amount of available bitcoin on the market, creating additional pressure for price growth.
âĄïžMetaplanet is gradually turning into the "Asian analogue of MicroStrategy," where the main asset becomes Bitcoin.
#SOLTreasuryFundraising #TrumpFiresFedGovernorCook #Whale.Alert #altcoins #BTCWhalesMoveToETH
$BTC $ETH $BNB
OTHERS/ETH (altcoin market cap excluding the top 10 relative to ETH) has reached the most oversold level in history.
đThe last time this happened was in 2021. That moment marked the bottom for the altcoin market. The result: altcoin market cap grew by more than +1250%!
đCurrently, the situation is very similar: the metric has again hit a new low, and the RSI index indicates extreme oversold conditions.
đ„Conclusion: historically, such levels have been turning points. If the scenario repeats, we may expect a new strong growth.
đȘBitcoin Plan Metaplanet
The Japanese company Metaplanet announced plans to raise $1.2 billion through an international stock offering. And here is the most interesting part: out of this amount, $835 million will be allocated to buying BTC.
đThis is a strong signal; institutional investors continue to actively enter BTC. Such steps reduce the amount of available bitcoin on the market, creating additional pressure for price growth.
âĄïžMetaplanet is gradually turning into the "Asian analogue of MicroStrategy," where the main asset becomes Bitcoin.
#SOLTreasuryFundraising #TrumpFiresFedGovernorCook #Whale.Alert #altcoins #BTCWhalesMoveToETH
$BTC $ETH $BNB