🆘 NEW BOTTLE, OLD WINE 🆘
Today, the greed and fear index continued to rise to 65 in the greed zone, after $BTC reaching the $66000 zone, along with the percentage of Bitcoin profits increasing to 91.46%, meaning that BTC holders' profits increased to 91.46%. Historically, when the number of holders of #BTC made a profit in the 90% zone, most of them were about to take profits.
Back to the altcoin perspective, I personally feel very sad every time I write about altcoins. Honestly, the way the market is coordinated by the creators and the sharks is too familiar when altcoins mostly recover and then find a new bottom. With such a way of coordinating the market, many investors will no longer be patient to wait, because simply many investors are waiting for the altcoin price to go sideways and accumulate for many weeks so that DCA can buy at an average price, but currently, for many months, altcoins have followed the recovery model to find a new bottom.
Do you think there will be any cycle changes in the last months of 2024? Please leave a comment below about your perspective. Thank you!
Note: The article is a personal perspective, not investment advice. #Write2Win #MarketDownturn #hotTrends