🚨 Fear and greed index is almost in fear. 😵
This is because part of the market now fears that this initial recovery is false, that bitcoin will go to approximately 115k, and then enter a correction with 2 months of sideways movement, and drop to regions like 101k or even 98k.. and as always many altcoins would melt down, many would be stuck at the top for about 2 months and the market would start to rise again in November, and some altcoins could deliver a strong increase, only in November.. (Just theoretical analyses, but they could indeed happen) but if they materialize, you could end up with a significant loss if you are exposed to many altcoins, except ETHEREUM..
Even with bitcoin's dominance falling, altcoins remain weak. Could it be because those who are sucking more of this bitcoin dominance besides Ethereum, and this exorbitant amount of stablecoins? 🤔
