#BTC再创新高97k
Behind the BTC Surge: Hundreds of Billions in Capital Escape, Altcoins Suffer!
BTC Price Soars, Why Does Total Market Value Decline by Hundreds of Billions?
BTC, when it fluctuated by 91,000, the total market value was 3.363 trillion. When it fluctuated by 97,000, the total market value was 3.3244 trillion. BTC price rises, but the total market value decreased by 100 billion.
This shows that around 90,000, there was actually a large amount of capital escaping, already sold off. Currently, BTC is skyrocketing, but it is continuously draining the blood of altcoins. As it continues to rise, altcoins will continue to fall because the available funds can only support BTC alone.
We can only wait until BTC stabilizes, and funds flow out of altcoins, at which point altcoins will have a chance to recover.
In this bull market, most people are confused, wondering why only BTC is rising while others seem dead.
Clearly, those who entered the altcoin market at high prices are not doing well. If a large amount of capital exits BTC and does not enter altcoins, then the pyramid bull market will not have much to do with altcoins.
There is no share in the rise, and none are pulled in the fall.
So a few days ago, I kept saying to reduce positions in altcoins when they rise, at least to set moving stop-losses.
One more point. With hundreds of billions already escaping, even if BTC stabilizes, the question remains whether altcoins can reach their previous highs in this wave.
Tomorrow and the day after, Saturday and Sunday. Altcoins cannot go wild, just watch this.
Currently, I have also identified a potential dark horse coin that is about to soar, confirming positive news, preparing for a rally. We plan to trade contracts and catch a wave, and I will announce specific big moves internally. Click on my avatar to find me, look at the bamboo leaves, and I will share directly!
