When the price of $BTC rises to 91,000, the total market value of the entire cryptocurrency market is 3.363 trillion.

But when it rises to 97,000, the total market value has actually decreased by 100 billion, becoming 3.3244 trillion. What does this indicate?

It indicates that when the BTC price is around 90,000, a large amount of capital has quietly retreated. Now that BTC is rising rapidly, it is actually taking money from those smaller cryptocurrencies. If BTC continues to rise like this, smaller cryptocurrencies will have to keep falling because all the funds are chasing BTC, leaving smaller cryptocurrencies without support.

In this bull market, everyone is confused about why only BTC is rising, while other coins seem to be completely stagnant. Those who bought smaller cryptocurrencies at a high price are certainly not feeling good right now. If the capital from BTC has left and didn’t flow into smaller cryptocurrencies, then this bull market has nothing to do with them; they had no share in the rise and will not escape in the fall.

So I have been saying for the past few days that if the prices of smaller cryptocurrencies are high, you need to quickly reduce your positions, at least do a trailing stop to secure some profits.

Moreover, with 100 billion in capital already fleeing, even if BTC doesn’t rise now, whether smaller cryptocurrencies can set new highs is still an unknown.

Tomorrow and the day after is the weekend; whether smaller cryptocurrencies can have a final frenzy depends on these two days.

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