⏰ Altcoins Sleeping — Breakout Near?
Analyst Charles Edwards believes a big altcoin rally is possible — but only after Bitcoin leads. Right now, only 5% of cryptos are above their 200-day average, showing weakness across the market.
He compares this to late 2020, when Bitcoin surged before altcoins followed. Edwards says the ideal setup is Bitcoin reaching $140K while altcoins lag — that’s when capital flows into alts.
If altcoins pump early while Bitcoin stays flat, that’s often the "last puff of air" before a downturn, he warns.
He also notes the traditional 4-year halving cycle is fading due to ETFs and big institutional players like Michael Saylor. Miners now supply just 2–3% of new Bitcoin — institutions are in control.
This shift reduces crash risk but increases long-term leverage dangers, especially from Bitcoin-heavy public companies.
Lastly, Edwards says gold is a hedge, not a replacement. Both gold and Bitcoin usually rise when the gold-to-equity ratio crosses the 200-day average — a key macro signal.
Macro factors like Fed policy, liquidity, and capital flow are now favoring Bitcoin.