Market Makers Should Take Partial Profits in Altcoins
The Altcoins Season Index reveals an interesting scenario for investors: over the past 60 days, most altcoins have outperformed Bitcoin. This suggests a significant appreciation of altcoins compared to the leading cryptocurrency. However, even if the market continues to rise, Bitcoin's dominance could lead to a temporary local bottom, indicating that BTC might regain strength in the short term.
Moreover, the dominance of all stablecoins has remained at the same level as at the beginning of 2024, making it favorable to take profits in altcoins and convert them into stablecoins. This move could provide greater security and stability to the portfolio, especially for those exposed to altcoins that have experienced strong gains.
Therefore, an interesting strategy would be to take partial profits in altcoins and increase exposure to Bitcoin and stablecoins, capitalizing on the favorable moment, especially for those holding altcoins that have appreciated significantly.
🔥 Take advantage of our promotion! Use the code BLACK to get 75% off the Pro plan + a 3-day free trial until 06/12!
👉 alphractal
👉 platform.alphractal
