Is $BTC About to Pull the Rug on Altcoins and the Entire Market?

Well, after reviewing a few charts today, the picture remains a bit unclear. But considering the large amount of open Longs in the market, there's a real chance we might see a significant drop in the coming hours.

Here’s why:

1. Correlation Heatmap shows that Altcoins are decoupled from BTC — and as I’ve said before, this is usually a warning sign that high volatility is coming.

2. Altcoin Season Index is rising. That’s usually great for altcoins, but BTC doesn’t tend to like it and often pulls the rug. Not saying it’s the end — I don’t think it is.

3. Alpha Quant Signal just flashed a sell — something we expected due to the bearish divergence and sell pressure from some whales.

I don't believe this is the final leg down, but it's likely a sign that the market is about to form a new price base. So be cautious with the traps that might show up along the way.$BTC $ETH