I just love watching people who write the reason for the market decline, like someone said something or whatever, trying to find justification for every market movement, but the truth is the reason is simple: The market fell because there were more long positions, the market rose because there were more short positions, the market moves for the liquidations of retail traders, while you continue to come up with justifications for everything 🤡🤡🤡
Due to the fact that altcoins are not rising alongside Bitcoin, there will be a drop again until we update the altcoin trends, so expect another plunge 😇
When will we see the peak of the alt season in 2025?
🦾The market capitalization of altcoins (excluding Ethereum) has reached the levels of the previous cycle and amounted to $1.12 trillion. However, the number of tokens and projects has increased significantly, and the adoption of the crypto market is broader, so the main growth is still ahead. At the peak from current levels, we could well see over $3 trillion in altcoin capitalization.
This is all nonsense, no one can know for sure how and where the market will go, especially if it is owned by one company. The big players simply have a lot of deposits to take short positions and ride out all the drawdowns.
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JudgeCrypto
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As soon as you buy, the price will start to fall. As soon as you sell, the inevitable rise will begin! Why?
I'll explain why this is so, it's very simple! This phenomenon is a classic example of cognitive distortion, when a person feels that the market is working against him. In fact, such situations are often explained by psychological and market factors: 1. The crowd effect. Most people buy on hype and sell in panic. This leads to the market being able to correct at precisely those moments when identical decisions are made en masse.
He has already given a bunch of Xs, it's time to cash out, enough with the hamster farming.
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BlockchainReporter
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Altcoin Whales Accumulate $VIRTUAL As New Wallets Redeem Millions From Coinbase
The crypto market has recently been experiencing a substantial increase in the whale activity with huge $VIRTUAL buyouts. As per the data from Lookonchain, two new wallets, potentially controlled by the same whale, have redeemed 10M $USDC tokens from Coinbase, purchasing 4.25M $VIRTUAL tokens.
Whales are buying $VIRTUAL! #VIRTUAL2 fresh wallets(likely belonging to the same whale) withdrew 10M $USDC from #Coinbase to buy 4.25M $VIRTUAL at $2.35.0xcf4d…b6bc spent 406 $ETH($1.58M) to buy 664,361 $VIRTUAL at $2.39.Address:0x6ad3e576b9df3de97e72866b8ac84642bcb717b3… pic.twitter.com/hXnLjNn7So
— Lookonchain (@lookonchain) December 14, 2024
Whales Purchase 4.25M $VIRTUAL Tokens for 10M $USDC Coins, Suggesting an Interest Renewal in Altcoin Sector
The large purchase of 4.25M $VIRTUAL coins for 10M $USDC indicates a renewal of interest, signaling a likely bullish whale sentiment. Such a whale activity often denotes a strong sign of rising institutional confidence. Hence, the latest $VIRTUAL accumulation is grasping the attention of the market onlookers and traders alike.
The above-mentioned two new entrant wallets reportedly performed a noteworthy extraction of up to $10M $USDC coins from Coinbase. Following redeeming these tokens, the wallets utilized them to buy enormous amounts of $VIRTUAL tokens. The respective move highlights the surging demand for the $VIRTUAL token. Apart from that, it also signifies how the big investors gain top position in a high-potential asset like $VIRTUAL.
In addition to this, the data also pointed out another significant transfer of up to 406 $ETH. This figure accounts for nearly $1.58M. With this amount, the wallet purchased 664,361 $VIRTUAL coins. The wallet reportedly performed the buyout at an average per-token cost of $2.39.
The precise timing of the whale buyouts has ignited curiosity across the crypto community. Massive capital inflows into a particular asset such as $VIRTUAL can lead to a price surge because of the increasing demand and decreased supply on crypto exchanges.
The Aggressive $VIRTUAL Accumulation Leads to Optimistic Speculations
Whale accumulations normally signal a spike in retail investment, denoting a positive trend. This whale-driven activity underscores the ongoing buyout spree, raising speculations about an efficient performance in the future. In the meantime, market enthusiasts keenly watch for the potential outcomes of this aggressive accumulation.
If I were you, I would leave crypto before everything goes to 0, there are a lot of slag coins in the market, a big scam is being prepared, even your spot will go down the drain😌
Based on the futures volumes, we see that there are many more stops below. Given this analysis, I would expect BTC in the area of 63k. Altcoins are slowly declining, but all reversals end with an impulsive drop of 20-30%. Therefore, be prepared for a significant collapse and trust less those who shout 'to the moon' 🌑 #BTC☀
As I wrote earlier in all posts, Short is the most correct trading solution in the cryptocurrency market, as 80-90% of the time we are always falling and only the retail investors think about cosmic x's that will not happen 🐏🐏🐏
Everyone has been lured into longs again, dominance is approaching 80%, and soon there will be a big razor for the hamsters and mass delistings of coins, stay alert, don't trust the market, it is deceiving you❗️❗️❗️ #BTC☀ #altcoins