🅰️ Altcoins after the Reset from Onchain's perspective
🟢 Since the Reset in early February, #BTC has not been seriously affected. Whales seem to have let the market float as there is no volume appearing, which is evidenced by the Accumulation Trend Score remaining below the low level
🟢 Although #BTC is still normal after the purge, most Altcoins have encountered a strong price drop. Since the Reset, the price of Altcoins has divided at least 2-3 times, and divided 4-5 times compared to the previous peak.
🟢 If we look at the positive side, this Reset has helped Altcoin return to an extremely attractive price, opening up new investment opportunities for investors holding Stablecoins with stable Cashflow
🟢 Currently, Altcoins are divided into 2 types:
🔘 1) Top industry leaders and trending, with good products, cash flow...etc. will be actively collected by Whale, the Heatmap of Altcoin is still continuously green, showing that the collection force of #Whale has not decreased
🔘 2) #Altcoin are not trending, the product is not complete, not the top industry...etc. will be left floating by Whale, without any movement to wait for the next direction of the market, the Heatmap of Altcoin shows very little or no collection force from Whale
🟢 The Reset happened, which no one wants, but it has also helped projects become should be lighter and open up opportunities for investors to buy at the same price or even lower than the price that Whales have collected before.