🚨 Why BTC is about to reach 110,000, while altcoins are not following along
But there is confusion about the lack of significant increases in altcoins.
The reason is that altcoins are often seen as a safe haven, while BTC is out of reach.
Today's investors have become more cautious, unwilling to chase high prices.
When BTC was around 80-90k, the risk of chasing and buying altcoins might have been acceptable.
But now that BTC is close to 110k, any pullback could lead to
altcoins potentially retracing significantly by 30-50 percentage points like last week.
Therefore, there is no need to take such a high risk to invest in high-risk altcoins.
From last Monday to Wednesday, BTC only dropped by 5 percentage points, while altcoins dropped by 50 percentage points.
This explains why altcoins have not been following BTC's rise recently.
Investors would rather wait for BTC to pull back before buying altcoins,
than risk getting stuck in a losing position.
The theme of Musk's little dog puppies, the strongest concept on Ethereum chain, might be the next shib#puppies会是下一个shib
