The big coin has started to pull back, and ETH has finally begun to take over.
The big coin has contributed the largest pullback recently, dropping as low as 93,000. As of the time of this writing, the price of the big coin is at 94,475. We have been warning about risks for the past couple of days; it can be said that a short-term pullback is likely already underway. We cannot guarantee that this pullback will reach a depth of 30%, but it is evident that a significant pullback is essential to ensure the momentum for the next phase of upward movement.
ETH has finally started to make a move. The ETH/BTC exchange rate has finally shown an upward trend. Today, this exchange rate has surpassed the low point and reached 0.036. The trend is not yet fully established, and we will continue to observe.
Therefore, altcoins that lead with ETH have started to catch up, but it is not a celebration for all altcoins. Many altcoins have also begun to follow BTC's pullback, and the differentiation among altcoins is becoming more apparent. However, one thing is certain: those who chased high prices earlier, the retail investors, are likely stuck at the peak again. For example, players who chased high on ADA.
Today's BTC market fear and greed index has reached 79, and the market temperature continues to decline, further indicating risk.
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