Can't tell if $BTC is in correction or if bull run is over?
You're not the only one.
Many factors are affecting the market:
Mt. Gox, Germany, Elections, ETFs, FTX payouts.
I spent 100+ hours analyzing all data: here's when and why market will turn around 🧵👇
1/➮ We are currently in a stage of depression, and most are leaving crypto
✧ People are selling, no longer believing in future growth
✧ But this happens every cycle, and if you look at the bigger picture, it's not all that bad:
2/➮ Although altcoins are currently significantly underperforming compared to $BTC
✧ $BTC itself has already done a 2x since the ETF approval
✧ Now no one is buying because "$BTC is too expensive."
✧ And this is precisely the moment when the big growth begins
3/➮ Maybe locally, in the next month, we won't see any significant growth,
✧ Considering the amount of FUD due to the small inflow into the ETH ETF or the summer stagnation itself
✧ But buying during this dip will give you a big profit
4/➮ When the market is as challenging as it is now, it's better to zoom out
✧ Currently, the altcoin index is approximately at the November 2023 levels
✧ Right after that, we saw a 5x growth
5/➮ Therefore, try to stay focused on the positive factors that will drive growth, such as:
- ETF ETH S1 form approval
- Trump's crypto support
- Countries cutting rates
✧ There are even more factors, but people are more interested in spreading FUD than considering both sides
#SOFR_Spike #US_Job_Market_Slowdown #IntroToCopytrading #VanEck_SOL_ETFS #MtGoxJulyRepayments