Bitcoin is holding steady, but altcoins are starting to steal the show.
PEPE jumped 14%, DOT and ATOM gained over 5%, while the Altcoin Season Index climbed to 58/100.
But here's the catch 👀
Bitcoin futures open interest is rising while price stays almost flat. That's new positioning, not confirmed bullish momentum.
Plus, $635M flowed out of US spot Bitcoin ETFs on Thursday.
My take: Altcoins are showing strength, but I wouldn't call this a confirmed altseason yet. ETF flows, BTC price action and leverage need watching.
A sharp move can come in either direction. Manage risk accordingly.
$BTC
PEPE jumped 14%, DOT and ATOM gained over 5%, while the Altcoin Season Index climbed to 58/100.
But here's the catch 👀
Bitcoin futures open interest is rising while price stays almost flat. That's new positioning, not confirmed bullish momentum.
Plus, $635M flowed out of US spot Bitcoin ETFs on Thursday.
My take: Altcoins are showing strength, but I wouldn't call this a confirmed altseason yet. ETF flows, BTC price action and leverage need watching.
A sharp move can come in either direction. Manage risk accordingly.
$BTC