Over the last 30 days, $NEAR is the only one of these six coins that went up.
Sep 22 close to this morning:
- NEAR: +13.9%
- $BTC -4.0%
- BNB: -6.0%
- $SOL -10.4%
- ETH: -11.1%
- ZEC: -22.3%
BTC fell least of the majors. The big alts fell two to three times as much. That's the usual pattern in a weak month: money hides in BTC first and leaves alts first.
NEAR is the exception. Every pullback this month stopped above 4.30, while SOL kept testing 100.
What would change my read: alts beating BTC on a red day, not just on green ones.
If the market turns up from here, which leads: BTC, or the coins that fell hardest?
Sep 22 close to this morning:
- NEAR: +13.9%
- $BTC -4.0%
- BNB: -6.0%
- $SOL -10.4%
- ETH: -11.1%
- ZEC: -22.3%
BTC fell least of the majors. The big alts fell two to three times as much. That's the usual pattern in a weak month: money hides in BTC first and leaves alts first.
NEAR is the exception. Every pullback this month stopped above 4.30, while SOL kept testing 100.
What would change my read: alts beating BTC on a red day, not just on green ones.
If the market turns up from here, which leads: BTC, or the coins that fell hardest?