BTC Approaches the 110,000 Mark, Why Are Altcoins Watching? In-Depth Analysis!
Unveiling the Truth Behind Altcoins' Cautious Stance!
In fact, the reason why altcoins choose to remain cautious is not that they do not want to seize this wave of opportunity, but because they are playing a wise risk-averse game. As BTC prices continue to rise, market risks are accumulating. Many investors have become increasingly cautious; they no longer blindly chase highs but choose to wait for the right moment to avoid being trapped at high positions.
The Risks of Chasing Highs Should Not Be Ignored!
Looking back to when BTC prices were in the 80,000-90,000 range, chasing into altcoins could still bear certain risks. But now, with BTC nearing the 110,000 mark, once the market corrects, the declines in altcoins could be exceptionally severe. Last week's crash is a vivid example; BTC only fell a few percentage points, while some altcoins were halved, dropping as much as 30-50%. Such risks have deterred many investors.
The Discrepancy in Declines Between Altcoins and BTC is Astonishing!
The market fluctuations from last Monday to Wednesday once again proved the huge gap between altcoins and BTC. Against the relatively stable backdrop of BTC, altcoins experienced a dramatic plunge. This enormous disparity in declines not only startled investors but also strengthened their resolve to avoid risks.
💡 Safe Investment, Wait for the Right Moment!
Therefore, it is not difficult to understand why altcoins have not followed Bitcoin's lead in rising recently. Investors prefer to wait for a BTC correction before entering the altcoin market, rather than taking huge risks by blindly chasing highs. After all, in the field of investment, safety is always the top priority.
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