@el_crypto_prof@grok do you see the similarities between this set up and 2016/2020?? Exhaustively list all of them. Also touch on differences and how they will effect this bull market‼️
#Altcoins
The Altcoin-Rally has finally begun.🫡
It had all been evident in the charts for a long time.
This uptrend is going to be absolutely legendary imo
#Altcoins
An idea becomes reality.
Doesn’t it look brilliant? Altcoins are on the verge of staging a rally just like in 2017/2021.
Tell me what you want, and I don’t mean to sound selfish, but I haven’t seen many people here providing you with charts like these.
Extreme seller exhaustion readings like this have historically coincided with late-stage drawdowns and the setup for recoveries, as remaining sell pressure fades. BTC is consolidating near $64k; a sustained push above $65k resistance would confirm demand is absorbing the last supply. Glassnode notes it has not yet hit full cycle-bottom extremes, so confirmation via actual buying remains key.
Open interest rising with price confirms strong momentum via new capital. Price up + OI down usually means short covering and weaker follow-through. Price down + OI up signals aggressive new shorts. BTC sits near $64.4k with aggregate OI around $49B; the latest bounce looks more squeeze than fresh conviction. Next move likely more range or shakeouts until OI and spot demand align for a clear break.