Gm CT☕️,
Bullruns usually start with BTC moving first. Once ETH starts going up its usually the start of altseason. With $ETH soaring past the 4k $ level, altseason officially started🔥
This run will be different than the last one.. not everything will go up. Keep it simple and only pick solid longterm plays that have the potential to get added into ETF's
Its possible to make generational wealth this run. For example $Algo is now 0.27$, but can go to 1$+ within the next month(s).. 🤑 Because massive liquidity is flowing into crypto from traditional finance.
I have these altcoins now $SOL, $LINK, $ALGO, $XRP, $ADA, $SUI
Am I missing something, let me know in the comments👇
Whether we like it or not, the past few years and this cycle, altcoins have only been able to run when Bitcoin has been smashing new highs rapidly.
Not when it's been dropping, not when it has been ranging and not when it has been reclaiming a prior local high.
ONLY when it has confidentially broke prior local highs and surged above and beyond.
What does that mean today?
That again, whether we like it or not, alts will only get decent exposure once Bitcoin breaks above $110k WITH CONFIDENCE (not small and shallow breaks).
Does it always have to be that way? No, something needs to change (significant narratives or catalysts like risk-on season with QE or other factors).
When it does it can switch up the current model like we have done before in the past.
But right now this is the way it is for alts.
📉 Market Recap
🔷 Bitcoin closed the week down -4.0%
🔷 Ethereum slid -8.4%
🔷 Total crypto market cap dropped -3.5% to $3.41T
Thursday’s spike in liquidations wiped out $827M in longs. Funding rates turned negative on majors like SOL, signaling fading risk appetite.