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The crypto majority has flipped from bullish to bearish in the last 2 weeks in a worrying way. As market caps have corrected (especially altcoins), there is much less interest in meme coins and much more interest in Bitcoin.
This crowd FUD is a healthy part of the cycle, and patient traders can take advantage of it with so much "blood in the streets".
Our watchlist bounced back nicely today, but is down significantly from the recent highs. Note that Hedera #HBAR is holding up best of all.
Altseason Index - 49, altseason was spectacular, but short-lived. Now forecasters see the possibility of a serious fall in Bitcoin (and therefore the entire market), noting that in past cycles, rollbacks of -30% during the bull market were the norm😄
😵💫 A 30% percentage correction will roll Bitcoin down to $70,000, and for alts, of course, it’s even worse. But in the long term, everyone remains rosy optimistic.