Wall Street seems to have returned from vacation and is gearing up for Q4 in crypto 🙂
Of course, this is half-joking, half-serious, but take a look at the inflows to ETFs this week
👨🦳BTC: $2.35 billion
🪙ETH: $1.06 billion
Bitcoin's dominance may not have rebounded strongly yet, but the most important thing is that the king is once again leading the market by the hand
We see a nice rebound and hopefully it continues
➡️Also remember that if we were to get this local and short-term upward trend in BTC dominance before an ultimate larger drop, which would be the most bullish for alts, it is by no means said that alts will experience a large correction
If Bitcoin rises, then ETH and alts will also rise in dollar pairs; it may just be less spectacular increases in October combined with high volatility
➡️As usual, I remind you to keep your head on your shoulders and not to long the majority of your capital on high leverage, unless you are doing this daily.
But if you are not managing leverage, then at this stage of the bull market it is enough to stick to spot trading, because I think no one wants to get wiped out, as opportunities to turn several hundred % in a few days on mid and large caps are appearing more and more frequently ↗️