Same for the $Total3 (Others Cap) Except $BTC and $ETH
https://www.tradingview.com/x/v674RS86/
Current total3 marketcap $703B, it still have more rooms to drop. Im expecting 40% more correction which will be $416B area. I will wait for this area to accumulate altcoins fully.
Whenever this zone hit, i will inform you guys.
PhD in Crypto
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$Total2 ~ Total crypto market cap except BTC Update :
https://www.tradingview.com/x/UP63uoZZ/
Current TOTAL2 market cap $943B.
In my view, altcoins are approaching a local bottom within the next 5-6 months likely around june-july or september-october.
There is still room for another 30-35% correction which could bring TOTAL2 down to around $700B. That zone would be a major accumulation for alts.
From there, the market can easily expand beyond $2T. Triggering the next altcoins bull rally.
Stay patient and keep following the channel. All detail entries and strategies will be shared step by step.
1.2 TRILLION of U.S. Dollar exposure just got erased from China's balance sheet. - China's FX reserves dumped from $3.99T to $3,31T - China's U.S. Treasuries holdings dumped from $1.32T to $683B.
And at the same time, China’s gold holdings pumped to ~74.19M oz, about $370 BILLION.