#SwingTradingStrategy 📢 Why haven't alternative currencies risen despite the increase in Bitcoin?
🔍 In recent weeks, the price of Bitcoin has exceeded $110,000, which is a historic figure. However, we have noticed that alternative currencies have not experienced the same momentum… Why?
1. Entry of institutions and traditional investments:
With the emergence of actual ETF funds, like IBIT from BlackRock, there has been a massive influx of money directed solely towards Bitcoin, as these institutions are looking for a “safe asset” before venturing into alternative currencies.
📌 2. Market Maker plays it smart:
When Bitcoin rises sharply without moving the rest of the market, the goal is often to attract liquidity solely towards Bitcoin, and then gradually pull the rug to start a phase of explosion for alternative currencies.