What's happening in the market, is anyone understanding it? I feel like whales and other big investors are shifting their cash inflow towards altcoins, and I think an altseason is about to start very soon. This is exactly what I was waiting for, and today weโre seeing it.
Iโve always thought that until the BTC price doesnโt drop, itโs very hard for the altseason to begin. If the market crashes, then this would be a concern. For example, if BTC dumps, and along with it, all the altcoins dump, then itโs a concern for the market.
However, in this market crash, we are seeing altcoins recovering. This means that BTCโs price isnโt going up, but altcoins are recovering, which is good news, and very soon, this could mark the start of the altseason.
We need to keep in mind that if BTCโs price remains stable or drops, and this doesnโt impact altcoins, then the altseason has already started.
I saw Yesterday that with BTCโs dump, altcoins also dumped, but after a few hours, altcoins started recovering. I could estimate it from my portfolio wealth before the crash, my portfolio was worth $1400, but after the crash, it dropped to $1100, meaning altcoins dropped a lot in price.
But very soon, my portfolioโs wealth went back to $1300, even though BTCโs price hasnโt recovered. As of writing, BTCโs price is $88K, and all altcoins are green and rising in price.
This is good news for all investors. Those investors who have altcoins should hold on because I believe the altseason has already started.
I think for a good altseason, Bitcoinโs price should drop more. It might even drop more because cash inflow is shifting towards altcoins now.
In my opinion, the best time for altcoins will be when Bitcoinโs price reaches $69K. Thatโs why neither you nor I should be worried about Bitcoin falling because BTC has already reached its all-time high and set a record.
However, on the other hand, we havenโt seen any movement in altcoins. Thatโs why every dip in BTC is beneficial for altcoins and can give a good push. Also, keep an eye on BTC dominance; whenever you see the dominance decrease, thatโs the best time to invest in altcoins.
Whales are eagerly waiting for this moment, and you should try not to get manipulated or sell out of fear. Your fear can become their courage. The purpose of this post is not to give financial advice but to share my experiences and knowledge.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
Hive is dropping day by day.
It's concerning bro.
But still I am hoping that its price will go upside soon..
Could it be soon in your opinion?
Bro, ups and downs are the part of the game. The last bull phase will be kind of different and dont forget to book profits ๐