Has the Fomo Started yet?
So for those who has been in a few Crypto bull markets it is nothing new that Money/winnings from BTC pours down to ALTS. But what happens next is to describe as a series of bullruns. Where alts go down 25-50% a day just so that you get as many BTCs/satoshis as possible to be on the next BTC train while draining alts. This time the stablecoins plays a much larger role than previous cycles.
In 2020 we had around 5 bil usdt printed.
Right now we are at 82.264 B
USD
+2.469M
This is only counting USDT, not every stablecoin.
Instead of moving money to ALTS, they are moved into stablecoins.
I dont think everyone has exited the markets.
We are at the local bottom at least if we look at Money flow, it screams buy.
Structurally we did bounce at a major support level. Almost every indicator on the chart is pointing up.
We should see a sharp bounce.
When BTC moves alts will move. But Btc will take the lead as always. If we get supply shock at these levels count on a huge move.
Not Financial advice.
In 2020 we had around 5 bil usdt printed.
Right now we are at 82.264 B
USD
+2.469M
This is only counting USDT, not every stablecoin.
Instead of moving money to ALTS, they are moved into stablecoins.
I dont think everyone has exited the markets.
We are at the local bottom at least if we look at Money flow, it screams buy.
Structurally we did bounce at a major support level. Almost every indicator on the chart is pointing up.
We should see a sharp bounce.
When BTC moves alts will move. But Btc will take the lead as always. If we get supply shock at these levels count on a huge move.
Not Financial advice.
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