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Analysts saw exhaustion of Bitcoin buyers while retail investors migrated to altcoins
The exhaustion of buyers could lay the groundwork for a correction in August before investor capital surges into altcoins, as has happened in previous market cycles.
Investor sentiment towards cryptocurrencies surged this week, with increasing retail interest in altcoins suggesting that Bitcoin's recent phase of euphoria may be coming to an end, according to analysts.
The crypto asset sentiment index rose from 0.23 to 0.91 in a week.
$BTC
$BNB
Analysts saw exhaustion of Bitcoin buyers while retail investors migrated to altcoins
The exhaustion of buyers could lay the groundwork for a correction in August before investor capital surges into altcoins, as has happened in previous market cycles.
Investor sentiment towards cryptocurrencies surged this week, with increasing retail interest in altcoins suggesting that Bitcoin's recent phase of euphoria may be coming to an end, according to analysts.
The crypto asset sentiment index rose from 0.23 to 0.91 in a week.
$BTC
$BNB
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