Hard to watch alts dumping hard. Yet #BTC is totally fine.

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Crypto Eagles

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Hard to watch alts dumping hard. Yet #BTC is totally fine. It's hard for me as I am used to high correlation between #BTC and alts. This cycle IS different. $BTC

Hard to watch alts dumping hard. Yet #BTC  is totally fine.
It's hard for me as I am used to high correlation between #BTC    and alts. This cycle IS different.
$BTC 

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#BTC/USDT ANALYSIS #BTC was rejected from the trendline of the descending triangle and is currently holding above the horizontal support. A bounce could be expected from here, while a sustained breakdown of the horizontal support would be a bearish sign. $BTC

👩‍🔬 This cycle IS different (conclusion) This cycle will be a nightmare compared to previous ones. I don't even know why I use future tense, as the bull cycle is already here - probably because it doesn't feel this way. Maybe it never will. The most solid play is buying #BTC and good old majors that actually are popular and will gather new funds: #ETH , #SOL , #DOGE and stuff. A lot of technically strong projects will never pump because of weak marketing / bad MM decisions / no top exchanges / whatever. If we talk about memes, only hyped ones will pump. Even if a memecoin has a great idea in it and is very funny, it means nothing. Only memes with big supportive communities and viral hype will pump, regardless of listings, idea and other stuff. In 2017 it was normal to 100x your portfolio. In 2021 almost everyone did at least 10x. Now most people will get nothing. This time is different. Improvise. Adapt. Overcome. $BTC $ETH $DOGE

👩‍🔬 This cycle IS different (3/3) Alright, so not every coin is worth to buy: some already completed their full cycle like #TRB , some will never pump to new highs because of selling pressure. And still some great projects and funny memes will be left aside with no cycle at all. Why so? The reason is simple: we have too many cryptocurrencies right now. Tickers like TOTAL2 only count a small number of alts, in fact if this ticker included all the Solana memes and other goofy stuff, the marketcap of altcoins will be dozens of trillions of dollars! The best altseason we ever had is probably early 2021. That time 90% of money was gathered on Binance which had... 200 alts? This is a ridiculous number compared to nowadays: only Coingecko counts more than 14,000 coins! Now add all Solana, Base and BSC memes and you'll get a whopping 100,000 or even a million coins! As there are lots of different ways to trade alts (big CEXes, small ones, DEXes, on-chain web3 wallets and so on) the money is distributed with no actual center like Binance in early 2021. There simply won't be enough money to inject into all these coins! 3️⃣ Third new rule: there's not enough money to pump everything. A lot of coins will underperform #BTC $BTC $TRB

Unveiling the Future: The Tokenizers 2024 Who's Who Report

👩‍🔬 This cycle IS different (2/3) Now we know that we should observe alts separately. But almost all alts dumped together on April 13th caused tons of liquidations, especially fresh ones. Why did this happen? Of course alts are not completely independent: #BTC and #ETH still affect them, so in case of a big move alts may move together. The question is why new shiny coins dumped much more than old dinosaurs? It happened because of ridiculously high market caps of new coins. They enter markets with few coins unlocked, but billions of market cap. This cause constant selling pressure all the time except the first few weeks/months. Here is an example: this May $1.1 billion #AEVO will be unlocked for the team and big investors: this is 750% of the current circulating supply! This is an insane selling pressure! It's easy to track more than $4 billion in cliff unlocks this month and this is only 130 token data! The real number is much much higher, probably around $500mil of unlocks per day. For reference, #BTC inflation is around $35mil per day. 2️⃣ Second new rule: it's vital to check market caps and tokenomics. Most of new coins are stillborn and they will dump forever. $BTC $ETH $AEVO #ETFvsBTC