Altcoins have been bleeding for months,

but $BTC and $ETH are still holding strong.

Even with all the WWIII-level tension since 2020,

both are still making higher highs.

Funding rates are still positive and traders clearly expect a recovery.

We might see some sideways movement around $2,100 (ETH) and $100K (BTC)

before a proper reversal.

And that reversal?

It’s the only way to send this market higher again.