The Altcoin index (blue line) continues to grow while Bitcoin is pulling back, which indicates that funds are flowing from Bitcoin to Altcoins. The Altcoin spread indicates that Altcoins are providing better returns at the moment. Historically this is transient. Although there has been a lot of tumultuous news lately, e.g. Segwit2x fork being cancelled and Bitcoin Cash threatening to become the new Bitcoin, these do not appear to be that significant.
Consider adding to a position in Bitcoin in anticipation of funds to flow back to Bitcoin soon.
If you want access to the Crypto Spread, Altcoin Index, and more, sign up at quantguy.net
Consider adding to a position in Bitcoin in anticipation of funds to flow back to Bitcoin soon.
If you want access to the Crypto Spread, Altcoin Index, and more, sign up at quantguy.net
Join my discord at discord.io/quantguy
