whales taking profit from bitcoin into alts, 25% dip
in looking at ADA ETH and LINK versus BTC, it can be noted that the dumps are much smaller than their dumps versus USD. The hypothesis is that market movers are consolidating gains into a few strong alts as bitcoin returns to a fairer market price.
If this scenario plays it, would expect alts to begin another leg up as BTC dominance begins to show weakness below the 70% level. Lets see if LINK ETH or LINK can print some signs of a reversal and lead the way with another sign of strength.
If this scenario plays it, would expect alts to begin another leg up as BTC dominance begins to show weakness below the 70% level. Lets see if LINK ETH or LINK can print some signs of a reversal and lead the way with another sign of strength.
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