my opinion about this drop. can be helpful info for people who isn't long time in crypto ♦️
u guys should understand that this drop not because of "some whales who manipulating the market" and so on.
it's just very normal reaction $BTC on ATH lvls. if you gonna buy coin at ATH you will feel same feelings very often.
#btc lost just 4% actually. i would say it's not even drop. big drop is 10% for btc daily candle. some time happens even 20-30%. and drop most of the time much faster then rise
so if you long altcoins, you should always check many things here in crypto. example - mood of btc. mood of ETH. mood of meme coins, if you long #wif you should check the leader of meme coins which is currently #pepe . and so on.
and you should understand that alts almost always losing much more then BTC when btc drop (yes it depends on seasons, but usually alts dropping much harder) and also for them is easier to grow.
reason is - btc has more heavier market capitalization then alts. harder to grow fast, harder to drop fast.
also coins which was growing a lot before, example: $PEPE and $NOT , #trb , when market correction starts they will lose much more in correction time because they was growing a lot too
hope will be helpful for someone ♥️
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