The top encryption strategist says that the money invested in Bitcoin (BTC) will not rotate to the Altcoin market at the previous cycle for one major reasons.
A pseudonym analyst, Flow Horse, says that many Bitcoin investors, who are contributing to strong performance to 259,500 followers in social media platform X, are unlikely to move their profits to ALT.
He says mass purchases for Bitcoin in Michael Saylor and those who invest in Bitcoin Spot Exchange Trade Fund (ETF) are the main optimistic catalyst of flagship encryption. But he believes that these organizations will not rotate their interests to ALT.
“I buy Bitcoin Director and take responsibility for money. ETF and Saylor. Most people here have jumped into ALTS, which I think this flow will follow. Meanwhile, IBKR (Electronic Transaction Company Intermediate Broker) and Thinkorswim (Trading Platform). The market structure has changed, adapted, or died. ”
He said before that Altcoins would not have altseason when he surpassed Bitcoin. Now there are more digital assets than before, and liquidity is not sufficient.
“Altseason’s idea is going to be more likely to be rotated. But the assistant comes to mind. It doesn’t just happen. There are so many garbage and there is not enough money to return to lift it up. ”
Analysts continue to watch BTC.D (Bitcoin Dominance) charts and are currently 59.88%. Traders use BTC.D to track that Altcoin surpasses bitcoin. Metric calculates the amount of encryption market cap belonging to BTC.
Finally, the merchant suggests that Dogwifhat (WIF) can be prepared if it falls less than $ 1 after a serious modification.
“To be honest, if there’s a place to be shot in the WIF, it’s probably here. Research on binance spot listing prices. ”
The WIF has increased by 9.9% over the last 24 hours to $ 1.18.
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Created image: Midjourney