#CryptoMarket4T Given the large amount of open long positions in the market, it is likely that we could see a drop in the coming days.
Here is why:
1. The correlation heat map shows that altcoins are decoupled from BTC, and as I said before, this is usually a warning sign of high volatility coming.
2. The Altcoin Season Index is rising. This is usually good for altcoins, but BTC does not like this and often drags time lower. I am not saying this is the end - I do not think so.
3. Alpha Quant Signal just flashed a sell signal - something we expected due to bearish divergence and selling pressure from some whales.
I do not think this is the last leg of the decline, but it is likely a sign that the market is preparing to form a new price base. So be careful of the traps that may appear along the way.