This rally’s been driven largely by the surge in global M2 from Asia and the EU. But with Wall Street starting to unwind ETH positions, we could be nearing exhaustion. Rate cuts are becoming necessary to keep momentum alive—proceed with caution.
If you guys want to know why most alts are dumping - one of the reasons is because of the Open Interest Stupid degens opening 100x longs on altcoins hoping for the best trade of their lives. And with one move every single one of those positions are getting liquidated, This is normal. Stuff like this always happens when we do a insane move on altcoins.
If you guys are beginning your journey, I would advise to close your charts today and don’t trade because now, these are difficult conditions for new traders and can make you react based on FOMO. Wait for tomorrow because opportunities always come! Good luck 💪🏽🤝🏽🙏