When Will Bull Come to Alt Coins: The Answer is Hidden in "OTHERS" Data!
Tracking the market value of altcoins other than stablecoins is vital to understanding their price movements.
OTHERS data calculates the total market cap of all but the top 10 instruments in crypto.
Well, let it calculate for us, what is the difference between TOTAL2 or TOTAL3, I can hear you asking. When calculating TOTAL2 and TOTAL3 data, we also take into account stable tokens with very high market value, such as USDC and USDT. This may mislead us in predicting the price movement of altcoins.
When investors sell their altcoins, they switch to stable tokens such as USDT or USDC, which does not create a change in data such as TOTAL2 or TOTAL3.
If we are investing only in altcoins, it is important to avoid Bitcoin and stable coins.
OTHERS data comes to our aid in this regard. This data allows investors to see general trends in the market.
As a bonus, I leave the critical levels I follow in the OTHERS data here. It is worth remembering that when there are movements above Fibonacci 0.5, we can say that the alt coins are bullish (my personal opinion).
With the closings above 260 billion dollars, we can say that BULLISH has come to Alt Coins!
