Simple to explain. There are no secrets here. Altcoins historically depend more on $ETH than on $BTC . If you have been in this for a while, you already know this. Bitcoin has been bullish for a long time in all its forms. Ethereum has not. Look at the chart I attached. The white curve is the 200-day moving average, which defines whether something is bullish or not in the medium to long term. Here that curve is acting as resistance and it shows. Just between yesterday and today, ETH has fallen almost 8% and many altcoins have dropped between 10% and 30% in these days. In one sentence: Without ETH, there is no party in altcoins. Look at the ETH chart:
Others can be added independently, because they are favorites in the market ( #solana , $XRP , #sui and even #binance ) but even they are not doing it now. Others generally fall when the market falls, like #wld or #vet.
For now, BTC dominance is strong. Look at the bitcoin dominance chart:
And that dominance will remain so until ETH goes up. For now, ETH is not surpassing BTC and our altcoins are suffering. Look at the chart:
So be patient, I know what it's like to see your investment fall, but there is no loss until you sell.
Follow me, I'm posting crypto charts almost every day here on the platform…
