🆘 NO NEW MONEY FLOW 🆘

In recent days, the Trump effect is still being discussed regarding $BTC and the money flows from large types, sharks are also only focusing on Bitcoin. As a result, BTC is always seeking new quality, while altcoin always finds new lows. From my personal perspective, when the crypto market has no new money flow, and the largest money flow from the majority of newcomers is small retail investors, sharks will frequently withdraw from altcoins to convert to Bitcoin. This is the reason why BTC seeks new highs while altcoins seek new lows.

So how can there be new money flow from the majority of newcomers entering the cryptocurrency market? As in previous seasons, sharks often raise the price of a few tokens slightly with the goal of changing lives overnight to attract FOMO and the quick-rich ambitions of newcomers, or to push the price of BTC really high to attract media attention. However, in the current season, newcomers are not much better as they receive the message that money can be made easily through crypto investment, along with the fact that individual economies have declined after the global pandemic, making them more cautious when deciding to invest in crypto.

Therefore, it is very difficult for altcoins at the moment; often, a slight price increase is just a target for sharks to offload and take liquidity for Bitcoin.