Have you noticed that Bitcoin Cash just ripped 28% on a CME listing while Bitcoin got sold at the exact same resistance for the second time this week?
Traders keep buying every $BTC test of $87,300 only to watch it reject and dip to $85,500. That habit of chasing the same failed breakout is why so many miss the actual 28% moves in $BCH that actually pay.
CME Group announcing $BCH and $UNI futures from October 19 sent Bitcoin Cash to nearly $349, the biggest jump among majors. Bitcoin matched Monday’s high near $87,300 again and got sold into it as Treasury yields rose and the dollar firmed up. The old idea that Bitcoin has to lead every move is getting expensive. Traditional finance adding futures on specific alts is a clearer institutional signal than another Bitcoin range that keeps failing.
Stop forcing entries at known $BTC supply. When a venue like CME lists an alt, look at the volume and reaction instead of waiting for Bitcoin to “catch up.” Size around the catalyst that is actually moving, not the one that keeps rejecting.
Where do you think this goes if more alts get the same CME treatment while Bitcoin stays stuck?
#Bitcoin #BitcoinCash #CryptoTrading
Traders keep buying every $BTC test of $87,300 only to watch it reject and dip to $85,500. That habit of chasing the same failed breakout is why so many miss the actual 28% moves in $BCH that actually pay.
CME Group announcing $BCH and $UNI futures from October 19 sent Bitcoin Cash to nearly $349, the biggest jump among majors. Bitcoin matched Monday’s high near $87,300 again and got sold into it as Treasury yields rose and the dollar firmed up. The old idea that Bitcoin has to lead every move is getting expensive. Traditional finance adding futures on specific alts is a clearer institutional signal than another Bitcoin range that keeps failing.
Stop forcing entries at known $BTC supply. When a venue like CME lists an alt, look at the volume and reaction instead of waiting for Bitcoin to “catch up.” Size around the catalyst that is actually moving, not the one that keeps rejecting.
Where do you think this goes if more alts get the same CME treatment while Bitcoin stays stuck?
#Bitcoin #BitcoinCash #CryptoTrading
