$BTC Bitcoin is about to enter a weekly-scale correction, and another batch of genius traders will be wiped out on the crypto scene.
This is especially true for those who piled into a whole basket of altcoins during this rally. If they don’t take profits in stages, it’ll be hard to survive this correction.
You can hedge Bitcoin with shorts to lock in profits on your spot holdings, but how do you do that with altcoins? As long as Bitcoin dominance is falling, these altcoins could still pump even if the broader market drops. There’s basically no room to maneuver.
I’ll put that out there now. Time will tell.