#BTC This has been the worst altcoin cycle in history — 176 weeks of altcoins getting crushed against $BTC📉
Honestly, it’s just the usual market moves. Altcoins took a hit this week but mostly are holding around the same levels as a few weeks ago.
Looking at the OTHERS chart: as long as we hold these levels, everything looks alright. The five-month downtrend is broken, so now it’s time to start building a higher low.
🔸 Patience is key here — the market’s laying the groundwork for the next move.
🔸James Wynn closed his record-breaking $1.1 billion long on BTC 🤷♂️
Despite the low weekend liquidity, the sale of 10,500 BTC pushed the price down by only about $1,000 — and was executed in under an hour. A clear example of the massive liquidity currently present on futures markets like Hyperliquid.
The trader explained his decision by pointing to a “golden cross” forming on the chart — a bullish signal that, in his view, may be preceded by a correction. In other words, BTC might first shake out long traders down to the $98K–$100K zone before launching a new upward impulse.
On May 23, his unrealized profit peaked at $87M, but in the end, the position was closed at a ≈$12M loss. Still, his total result for the entire period (since March 19) stands at +$40.5M
🔸Even the biggest and most experienced traders sometimes close positions at a loss. So if you’ve taken a hit — don’t give up. Keep pushing forward, keep learning, and come back stronger! 💪📈
Buyers are pressing the local high on ETH, where we are looking for a proper breakout to happen soon, so we are switching ourselves to a PLAN A scenario. As soon as we see some kind of breakout to form, we will be looking for an entry for a long position here so watch closely.