Does everyone know why BTC is almost at 110,000, but altcoins aren't experiencing a significant surge?
The reason is that altcoins are avoiding risk, while BTC is feeling the pressure at such high levels. Now retail investors have become smarter and are hesitant to chase at high prices. If BTC had been at 80,000 - 90,000 and someone chased into altcoins, it would have been fine.
But now BTC is already close to 110,000, and if there’s a small pullback, altcoins might drop 30 - 50 points just like last week, and that scene is still fresh in memory.
There’s no need to take such a big risk to buy high-risk altcoins. Last week from Monday to Wednesday, BTC only dropped 5 points, but altcoins fell by 50 points.
So this is the reason why altcoins are not following BTC lately! It’s better to wait for BTC to pull back before entering altcoins rather than getting trapped right away.