A TopCrypto strategist says that it is unlikely that money invested in Bitcoin (BTC) for an important reason in the Altcoin market would rotate at levels that are seen in previous cycles.
Pseudonymous analyst the power horse tells Are 259,500 followers on the social media platform X that many Bitcoin investors who now contribute to the strong performance, it is unlikely that they will move to alts.
He says that Michael Saylor’s MicroSstratey masses from Bitcoin and investing in Bitcoin-Spot-Exchange Funds (ETFs) Large Bullish catalysts are this cycle for the flagship Crypto. However, he believes that these entities will not rotate their profit in alts.
“The money that has purchased and is responsible for moving Bitcoin is fragmented from this market. They are ETFs and Saylor. Most people here jumped in Alts and thought that this power would follow, meanwhile it is in IBKR (interactive brokers of electronic trading agency) and thinkerswim [trading platform]. The market structure has changed, adjust or die. ”
He said earlier that there will be no alto season when Altcoins performs better than Bitcoin because there are now more digital assets than previous cycles and not enough liquidity to go around.
“The idea of Altese season is just like these rotations that take place and they will be more concentrated. But there is just an increasing tide. It just doesn’t happen. There is too much waste and there is not enough money to go around to lift it. ”
The analyst monitors the Bitcoin Dominance (BTC.D) graph, which is currently 59.88%. Traders use BTC.D to follow whether Altcoins perform better than Bitcoin because the metric calculates how much of the crypto market capitalization belongs to BTC.
Finally, the trader suggest That Dogwifhat (WIF) may be prepared for an outbreak after a serious correction, which falls below $ 1.
“To be honest, if there was a place to have a chance on Wif, it is probably here here. Study racements to Binance Spot -list prices. ”
Wif acts for $ 1.18 at the time of writing, an increase of 9.9% in the last 24 hours.
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