$THETA .

MARKET PERSPECTIVE:

theta, like all altcoins, is in an expansive contraction in the sense that they are only expectant while BTC is overvaluing to new horizons driven by global adoption as a store of value. In other words, the altcoin market moves in a general range and particularly in each altcoin while BTC explores new prices increasingly higher. What does this mean for the market?

In the following lines, I will explain my critical point of view on the current situation and its likely impact on the rest of the market in the short, medium, and long term.

FIRST: BTC rises in a different way than other cycles. Unlike previous cycles, its bullish movements were driven by two factors: 1) credit capital, meaning bank loans or excessive leverage on exchanges like Binance, Coinbase, among others. This temporarily inflated prices, but since it was credit capital, at some point there was profit-taking in consolidation zones, producing extreme corrections of 30% and 40%, and during these corrections, stages of massive deleveraging occurred because prices hit stop losses. 2) speculation: as the price rises exponentially, it not only fixes its market cap but also its valuation projection, always driving the price to a higher zone.

However, in this cycle, there has been a break in dynamics as the price of BTC is no longer rising merely through speculative or credit means but rather in a more solid way. In this context, this bull run is now being led by institutional adoption from investment funds like BlackRock, companies like MicroStrategy, states like El Salvador, and even legislative projects from the leading power to create a strategic reserve of over 1,000,000 BTC. Among others, these factors are giving BTC new characteristics where its growth is due to massive adoption.

SEE THE SECOND PART OF THE ANALYSIS IN MY PROFILE