Altcoin today: The entire market picture is red, but insiders are not necessarily fleeing
The initial feeling when opening the altcoin heatmap this morning is... chilling. Almost the entire memecoin, lowcap, and midcap space is in deep red – most notably GRIFFAIN losing nearly 25%.
From FWOG, MOODENG, to names familiar to traders for their "shocking spikes" like WIF, BONK, GIGA have also not escaped the deep correction. But upon closer inspection, I do not see a sense of panic – on the contrary, this could just be a natural cleansing phase.
Notably: Volume has not dropped, and even flows to the coins that are heavily in the red.
- SOL continues to lead in volume, above 10B USD – an astonishing liquidity level while the price is not green at all
- PENGU, PNUT, BOME, REZ – although they have sharply decreased in price, they still maintain stable cash flow
- GRASS, GRT, C98 are also in the decreasing price group but volume remains at a high average
- I draw one conclusion: cash flow is not leaving altcoins, but is selectively adjusting positions. Those coins that have risen too hot are being taken profit on, while new cash flow is still circulating – not exiting the market.
My personal perspective today:
- Do not panic sell just because of a red heatmap. Most of the tokens in the top volume today are those that have "waves to come" if BTC does not crash.
- If you have positions from early on, this is the time to tidy up your portfolio – not adding new coins, but holding those with clear cash flow like SOL, PNUT, PENGU.
- Personally, I am waiting for confirmation of recovery from trading volume rather than traditional technical signals, as this is a high-speculation market.
