Bitcoin has plunged nearly 20% since the launch of the Spot Bitcoin ETF on Jan. 11 as investors become more cautious about the product's potential impact.

Bitcoin soared to USD 49,021 or the equivalent of IDR 767.4 million (assuming an exchange rate of IDR 15,655 per US dollar) on the first day the Bitcoin Spot ETF was launched.

Therefore, altcoin investors must be more confident in analyzing red zone spikes in several altcoins,

rest assured that after the storm hits there will be an even greater increase waiting for you next week..

Be wise in reading and assessing the situation so that you don't make the wrong move.

determine where you should stand in securing and increasing your altcoin investment.

$BTC $ETH $BNB

When the territory #BTC #BNB #ETH #SOL is in the red zone, you just have to study whether you want to buy or sell it, but you need to remember that you won't be able to find a price like this in the coming week, study and pay attention to the down and up areas of altcoins.

The majority of the crypto market is in negative red zone territory amid the loss of Grayscale assets of around US$5 billion or around Rp. 78 trillion (assuming an exchange rate of Rp. 15,610) last week.

the crypto market is dominated by the red zone. Bitcoin fell 4.99% to US$39,488.79

Ethereum is in the negative zone of 5.86% in the last 24 hours

Solana experienced a decline of 8.19% on a daily basis

Analysts said the outflow from GBTC was expected after the United States Securities and Exchange Commission (SEC) allowed Grayscale to convert the fund into an ETF.

Meanwhile, Joe McCann, founder of crypto fund Asymmetric, highlighted how small Bitcoin trading volumes are currently. The analyst shared the following comments along with data from futures exchange Deribit to his subscribers:

"Bitcoin pair volume has definitely lost ground since the launch of the ETF. The gap between partial volume and realized volume is the widest in a long time,"

Is there any drama behind crypto territory becoming a red zone... 📈📈📈

Every investment decision is in the hands of the reader. Study and analyze before buying and selling altcoins

#btc #BNB #eth #sol

Bitcoin is a global market, and price discovery happens primarily on Binance I think based in Abu Dhabi. For the first time in a long time, the bitcoin market will have predictable and long-lasting arbitrage opportunities.

ETF-based financing could be another sector poised for growth as bitcoin trading becomes commonplace in the coming years. Banks can open desks that provide fiat loans against bitcoin ETF holdings, pocketing the difference and influencing bitcoin interest rates, further creating market imbalances.

Every investment decision is in the hands of the reader. Study and analyze before buying and selling altcoins

#btc #bnb #eth #sol

Bittime projects that an altcoin season or altseason will take place in the near future. This is considered to be able to enliven the crypto asset market ahead of the Bitcoin halving event.

The altcoin season or altcoin season is one of the cycles that occur in crypto assets. Apart from the altseason, there is also a Bitcoin season cycle which indicates an increase in the performance of the crypto asset Bitcoin (BTC).

The term two seasons or cycle is used in periods where the crypto asset market experiences an increase in value. Historically, these two cycles usually occur alternately. Because, psychologically, the increase in the value of crypto assets usually will not last in the long term.

CEO of Bittime Ryan Lymn said, based on Blockchain Center data, currently the Altcoin Season Index shows that the altseason is near. For your information, the Altcoin Season Index is calculated if 75% of the top 50 coins performed better than Bitcoin during the previous season (90 days).

"Currently, the Altcoin Season Index shows a figure of 76 out of 100, which means we are getting closer to the altseason. Market players should start preparing to use this momentum to improve portfolio performance

#btc #bnb #altcoin #eth #sol